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


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.”

Bring stories like this into your inbox every day.

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