IPO

Logo
IPO Date 02/12/2021

Trade Grab Holdings Inc

Grab Holdings Inc
OVERVIEW
change
Daily Change Shows you the daily price variation for this asset
Low
High
Traders Trends Showing current clients' buy and sell positions
Sold
Bought
SELL
Spread per unit
Premium Sell
Initial Margin
BUY
Leverage
Premium Buy
Maintenance

Create your account

and start trading

Open Live Account

General info on Grab

About the company

  • Name
    Grab Holdings Inc
  • Industry
    Technology, Transportation, Food Delivery
  • Employees
    10000+
  • Founding year
    2012
  • Ticker
    GRAB

Filing Information

  • IPO file date
    -
  • No. of shares
    -
  • Price
    -
  • Exchange
    NASDAQ
  • Bookrunners
    -
Open account

IPO Details

About Grab

Founded in 2021, Grab Holdings Inc., commonly known as Grab, is Southeast Asia’s largest startup, having a private valuation that exceeds $16 billion. After it initially made its debut as a taxi-hailing service, the company expanded into food and grocery delivery, digital payments, lending, and other financial services. It refers to itself as being “a super app.” Grab is also the first Southeast Asian “decacorn” and as of June 2020 it’s used by more than 187 million people.

Grab is headquartered in Singapore, and it operates across eight countries and 350 cities. Its biggest market in Southeast Asia is Indonesia.

 

IPO Figures

The biggest Southeast Asian ride-hailing and food delivery company will go public in the US through a merger with special-purpose acquisition company Altimeter Growth Corp, securing a valuation of $35 billion.

The deal will be the largest ever blank cheque agreement. Moreover, Grab is said to raise $2.5 billion in a private investment deal.

According to Grab, the shares purchased by Altimeter will be subject to a three-year lockup period, significantly longer than similar transactions, highlighting the confidence in the start-up's long-term potential.

 

Valuation

So far, Grab managed to raise roughly $12 billion from investors such as SoftBank Group, MUFG, and Didi Chuxing. Among its shareholders are Uber Technologies, Booking Holdings, Microsoft, Tiger Global, and many more.

According to its latest figures, Grab gained investors’ trust with an adjusted net revenue for 2020 of $1.6 billion. The company expects it to reach as much as $4.5 billion in 2023.

Moreover, in 2020, its gross merchandise value reached $12.5 billion, higher than pre-pandemic levels and more than double what it reported in 2018.

Grab: what you need to know

·       Its net revenue surged 70% in 2020 to $1.6 billion

·       The Grab and Singapore Telecommunications consortium had been awarded a digital banking license in Singapore

·        It was Asia’s first company to launch the numberless payment cards in partnership with Mastercard

 

 

Sources: cnbc.com, cnn.com, reuters.com

Summary

  • Founding year
    2012
  • Ticker
    GRAB
  • Exchange
    NASDAQ
Create Account

Key elements

Find out the most essential numbers for Grab Holdings Inc IPO

Capital raised

$12B

Private valuation

$16B

Post-IPO possible valuation

$35B

Trade
Grab Holdings Inc

Open account

 

A closer look at Grab Holdings Inc IPO
Learn why traders are always eager to trade IPOs

Logo
  • Status: Available
  • IPO Date: 02/12/2021
  • Price: -

Past IPOs

Browse details of other companies that already went public

Highly Anticipated IPOs of the year

Stay in touch with the most expected IPOs of the year

Reddit

  • Status: Upcoming
  • IPO Date: Est. 21/3/2024
  • Price: est. at $31-$34
Reddit Logo

Reddit

Social Media/Advertising

View IPO report

  • Status: Upcoming
  • IPO Date: Est. 21/3/2024
  • Price: est. at $31-$34

IPOs are important trading events you shouldn’t miss

Learn how to trade IPOs and build a complete strategy with our tools & user-friendly trading platforms.

Trading Platforms Image

ClickTrades WebTrader

  • Charting options to suit all trading strategies
  • Various layout choices
  • Streaming live quotes for instant decision-making
  • Trading Central
  • Modern and easy-to-use interface
  • Risk management tools
  • Extensive range of analysis tools
  • Key statistics available for all trading instruments

MetaTrader 5

  • Intuitive and user-friendly trading platform
  • Diverse execution modes and orders types available
  • 2000+ free custom indicators
  • Multiple timeframes options
  • Multi-window views and watchlist
  • Up to 10 charts at the same time
  • Lightning-fast trade execution speed
  • Highly customizable tools
Open account