Grab inks biggest SPAC merger deal, readies US IPO at $39.6b valuation

Grab inks biggest SPAC merger deal, readies US IPO at $39.6b valuation

Southeast Asia’s Grab Holdings on Tuesday officially agreed to merge with a special purpose acquisition company (SPAC) backed by Altimeter Capital Management in a deal that values the ride-hailing and food delivery giant at approximately $39.6 billion.

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