Is Grab’s weak Nasdaq debut the cost of overvaluation, or just bad market timing?

Southeast Asian superapp Grab’s shares, which began trading on Nasdaq on Dec. 2, have not lived up to their hype.

The tepid market debut has raised several questions regarding the company’s plus-size valuation, the reliability of SPACs as a shortcut to the public market, the role of tech businesses after COVID, and the listing prospects of Southeast Asia’s many other tech companies.

Bring stories like this into your inbox every day.

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