Grab debuts on the Nasdaq with a pop and drop

Khairani Afifi Noordin
Khairani Afifi Noordin12/2/2021 10:42 PM GMT+08  • 3 min read
Grab debuts on the Nasdaq with a pop and drop
The opening price of US$13.06 gave way within minutes
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Self-styled “super app” Grab has made its Nasdaq listing debut with a pop and drop.

The stock opened at US$13.06, 18.6% higher than Altimeter Growth Corp’s (AGC) last traded price of US$11.01.

However, it dropped to US$11.67 in two minutes. After around 45 minutes, it went below Altimeter's last traded price of US$11.01 and ended the session at US$8.75, down more than 20%.

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