SoftBank-backed Grab in talks to go public in nearly $40 bn SPAC deal

Grab Holdings Inc is in talks to go public through a merger with a special purpose acquisition company that could value the ride-hailing giant at nearly $40 billion, making it the largest ever blank-check deal, people familiar with the matter said on Thursday.
 

The Wall Street Journal reported earlier in the day SoftBank-backed Grab was in talks with Altimeter Capital Management LP. (https://bit.ly/3rD4XR6)
 

Grab is expected to raise between $3 billion and $4 billion from private investors, according to the report.
 

Reuters first reported in January, citing sources, that Singapore-based Grab was exploring a listing in the United States.
 

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