Deep Dive: Grabs rollercoaster of an IPO
Grab, one of the region\u2019s most valuable tech companies, made its Nasdaq debut last month after a record US$40 billion merger with Altimeter, a New York-listed blank-check company.
However, the super app\u2019s first few weeks of public life haven\u2019t been the easiest, with its shares ending at US$7.12 apiece last week \u2013 a roughly 45.5% discount to their opening price in December.
In this episode of\xa0Deep Dive,\xa0Tech in Asia\u2019s Terence Lee, Aditya Hadi Pratama, and Simon Huang discuss Grab\u2019s ride to the public market, its financial performance over the past year, and its prospects for the future.
Featured reporters:- Terence Lee, editor-in-chief at\xa0Tech in Asia
- Aditya Hadi Pratama, a\xa0Tech in Asia\xa0journalist based in Jakarta, Indonesia
- Simon Huang,\xa0Tech in Asia\u2019s industry analyst based in Singapore