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Time's up for the blank-cheque spacs gravy train

Assif Shameen
Assif Shameen • 10 min read
Time's up for the blank-cheque spacs gravy train
Grab Holdings, which teamed up with Altimeter Growth last December in a US$40 billion spac merger, now has a value of US$11.7 billion after a recent rebound of its shares / Photo: Bloomberg
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