It is valued at nearly 40 billion US dollars

As early as Tuesday, grab, a car hailing and food delivery company, will announce its U.S. listing through a merger with a special purpose acquisition company (SPAC), with a valuation of nearly $40 billion, according to people familiar with the matter. It will be the world’s largest spac deal to date.

It is valued at nearly 40 billion US dollars

As part of its merger with a special purpose acquisition backed by altimeter capital, grab will receive $4 billion in private investment from a group of Asian and global investors, including fidelity international and Janus Henderson, the source said.