SE Asian tech giant Grab’s shares fizzle on Nasdaq debut

SE Asian tech giant Grab’s shares fizzle on Nasdaq debut

Grab's CEO Anthony Tan and co-founder Tan Hooi Ling gesture on stage as they attend the Grab Bell Ringing Ceremony at a hotel in Singapore, December 2, 2021. REUTERS/Caroline Chia

Shares of Southeast Asian technology giant Grab rose 18.5% on its US market debut on Thursday, opening at $13 per share but fell during the rest of the day, closing 20.5% lower at $8.75.

Bring stories like this into your inbox every day.

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