A rider for GrabFood, Grab Holdings online food-delivery platform, cycles outside Raffles Place in Singapore. The company plans to go public via a US-listed special purpose acquisiton company. Photo: Bloomberg
A rider for GrabFood, Grab Holdings online food-delivery platform, cycles outside Raffles Place in Singapore. The company plans to go public via a US-listed special purpose acquisiton company. Photo: Bloomberg
Banking & finance
Business /  Banking & Finance

Singapore’s Grab to go public at US$40 billion valuation amid SPAC frenzy

  • The deal would be the biggest acquisition ever by a blank cheque company known as a SPAC
  • Grab is Southeast Asia’s most valuable tech unicorn, with businesses spanning ride-hailing to food delivery

Alison Tudor-AckroydChad Bray
Alison Tudor-Ackroyd and Chad Bray

Updated: 10:31am, 14 Apr, 2021

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A rider for GrabFood, Grab Holdings online food-delivery platform, cycles outside Raffles Place in Singapore. The company plans to go public via a US-listed special purpose acquisiton company. Photo: Bloomberg
A rider for GrabFood, Grab Holdings online food-delivery platform, cycles outside Raffles Place in Singapore. The company plans to go public via a US-listed special purpose acquisiton company. Photo: Bloomberg
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