Grab said to be in talks with Altimeter SPAC to go public at nearly $40b valuation

Grab said to be in talks with Altimeter SPAC to go public at nearly $40b valuation

FILE PHOTO: A man walks past a Grab office in Singapore March 26, 2018. REUTERS/Edgar Su/File Photo

Grab Holdings Inc is in talks to go public through a merger with a special purpose acquisition company (SPAC) that could value the ride-hailing giant at nearly $40 billion, making it the largest ever blank-check deal, people familiar with the matter said on Thursday.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter