Grab to consider US IPO in 2021, may raise US$2 bil

Reuters
Reuters1/18/2021 5:11 PM GMT+08  • 2 min read
Grab to consider US IPO in 2021, may raise US$2 bil
The IPO plans would come after merger discussions with Indonesian rival Gojek were dropped.
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Southeast Asian ride-hailing and food delivery giant Grab is exploring a listing in the United States this year, encouraged by robust investor appetite for IPOs, three sources familiar with the matter told Reuters.

The IPO could raise at least US$2 billion ($2.66 billion), one of the sources said, which would likely make it the largest overseas share offering by a Southeast Asian company.

“The market is good and the business is doing better than before. This should work well for public markets,” he said.

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