SPAC Altimeter Growth jumps after setting vote date for Grab deal

Seeking Alpha2021-11-20

SPAC Altimeter Growth Corp. rose 4.6% after it set a Nov. 30 date for holders to vote on its deal to take Southeast Asia ride-hailing giant Grab public.

Brad Gerstner's AGC announced that that the SEC declared effective the Form F-4 registration statement of Grab Holdings, according to a release.

Grab is Southeast Asia's most valuable startup and is set to undergo a merger with Altimeter (AGC) at a valuation of $40B in the fourth quarter, pushed back after a delay.

The deal is expected to be the largest-ever U.S. equity offering by a Southeast Asian company. A public debut from Grab will offer investors access to a regional consumer market of more than 655M people across countries including Indonesia, Thailand and Vietnam.

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精彩评论

  • jas68
    2021-12-01
    jas68
    Yeah, finally, to the moon. 
  • sc0tchb0nn3t
    2021-11-22
    sc0tchb0nn3t
    Wonder what other SPACs to watch 🤔
  • BibiLoh
    2021-11-21
    BibiLoh
    To the moon!
  • jas68
    2021-11-21
    jas68
    Waiting patiently for the ipo and start if trading after that play catch-up with Uber.[财迷] 
  • 李欧8886
    2021-11-21
    李欧8886
    grab👍
  • F.I.R.E
    2021-11-21
    F.I.R.E
    Grab to the moon 🌜
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