Grab's debut is a wake-up call for SE Asia's IPO hopefuls to target "realistic valuations"

Grab-Co-Founders-ring-the-Opening-Bell-in-Singapore-as-Grab-goes-public-on-Nasdaq

Singaporean superapp Grab‘s much-anticipated US listing turned out to be a bitter debut on Thursday, with shares ending their first trading day down nearly 21%.

While Grab’s longer-term price performance remains to be seen, one analyst says the initial slump is a warning for other Southeast Asian startups planning to go public to target “more realistic valuations.”

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