Successful listing in the United States

According to people familiar with the matter, grab, a giant of taxi software and food delivery in Southeast Asia, will consider a second listing in its home market, Singapore, after completing its listing on NASDAQ (14038.7632, 180.92, 1.31%) through spac.

 

A listing on the Singapore Exchange will bring grab’s investor base closer to the headquarters of its regional operations, which could make it easier for its customers, drivers and business partners to trade its shares, the source said.

 

Grab announced earlier this week that it would go public through a merger with Altimeter growth, a special purpose acquisition company, with an estimated market value of $40 billion, the world’s largest spac deal to date.

 

The source said it was not clear how much money grab might raise in the secondary listing, and the financial terms and listing schedule were still in the early stages of consideration.