And annual 13F returns of 30% since 2011. U.S. IPO ETF. It was announced that Grab will merge with Brad's SPAC Altimeter Growth Corporation (Nasdaq:AGC). It will be the first Southeast Asian tech unicorn to list through a SPAC. … … The “Presentation” that … By. Thinking of investing in new companies before they become household names? Grab Holdings, Southeast Asia’s largest unicorn, will go public in New York via a merger with one of Altimeter Capital Management’s SPACs in a deal valuing the app at US$35 billion. Learn More How to invest. The growth fund raised $450 million in 2020. Altimeter Growth Corp. is listed on the stock exchange with the ticker / Symbol AGC, AGC SPAC all time high was $18,11 and the lowest price in the last 52 week was: , the current AGC stock price is $11,79. Altimeter Growth has two SPAC units for merging with private companies to take them public. Brad Gerstner founded Altimeter Capital and has grown it to $16.3 billion of Assets Under Management (AUM). Grab Holdings, Southeast Asia’s largest unicorn, will go public in New York via a merger with one of Altimeter Capital Management’s SPACs in a deal valuing … SPAC stands for “special purpose acquisition company,” but they are often better known as “blank-check companies.” With a SPAC, investors plug in cash and … Mark Gaffney - ... Gerstner raised $450M for Altimeter Growth Corp (AGCUU), a blank check company IPO targeting the tech sector. Investment Products. HONG KONG (AP) — Southeast Asia’s largest ride-hailing company, Grab Holdings, said Tuesday that it plans to merge with U.S.-based Altimeter Growth Capital in a deal that would value it at nearly $40 billion and allow it to trade on the Nasdaq Stock Market. If he invests in a controversial company (such as Nikola) he could face reputation risk, which could impact his main business. Altimeter Growth Corp. (NASDAQ:AGC)’s traded shares stood at 511,153 during the last session, with the company’s beta value hitting 0. The Singaporean rideshare giant Grab is set to merge with the SPAC Altimeter Growth 1, according to a report from The Financial Times. Grab is expected to combine with Altimeter Growth Corp 1, one of Altimeter Capital’s SPAC vehicles that raised $450 million last year, as part of the agreement. A SPAC listing bypasses Wall Street's traditional IPO process. It has … AGC’s stock price is up 17.97% in the last five days and was trading at $12.86 in midmorning trading Wednesday. 74. Google, UnderArmour and Facebook were holdings in our IPO investment strategies when they were newly public. The Singaporean rideshare giant Grab is set to merge with the SPAC Altimeter Growth 1, according to a report from The Financial Times. Grab will merge with Altimeter’s Growth 1 SPAC fund (NASDAQ: AGC). Google, UnderArmour and Facebook were holdings in our IPO investment strategies when they were newly public. Othe... Nirgunan Tiruchelvam @ Tellimer Research 14 April 2021. Shares of the SPAC Altimeter Growth ( NASDAQ:AGCU.U) were down 4% on Tuesday morning. Merging with a SPAC, a shell company whose sponsors … Characteristics; … Altimeter Growth Corp. and Altimeter Growth Corp. 2 surged as much as 29% and 16%, respectively, as its unclear which SPAC is in talks to merge with Grab. The article Altimeter Capital's tech SPAC Altimeter Growth Corp. files for a $450 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com. Altimeter will also support any share sale under the SPAC deal. Characteristics; … The Singaporean rideshare giant Grab is set to merge with the SPAC Altimeter Growth 1, according to a report from The Financial Times. By. Characteristics; Holdings; How it works ; Intl IPO ETF. AGCUU went public at $10 on Oct. 1, and closed Tuesday at $11.80. This page includes all SEC registration details as well as a list of all documents (S-1, Prospectus, Current Reports, 8-K, 10K, … Read More ». Sources today claim that Grab will merge with Altimeter Growth 1. Southeast Asia’s largest ride-hailing company, Grab Holdings, said Tuesday, April 13, 2021 that it plans to merge with U.S.-based Altimeter Growth Capital in a deal that would value it at … Altimeter Growth Corp. - Renaissance Capital. This means we align our long-term investment priorities and values with the companies we bring to market. The SPAC had said in its prospectus that it intends to acquire a business in the technology sector that “will compound growth over the long-term for exponential value creation.” The firm’s second SPAC, Altimeter Growth Corp. 2, started trading in … According to the report, the deal values the SoftBank-backed technology group at about $35 billion and could take place as soon as this week. Altimeter Growth 1 raised $450 million in 2020 and its share price surged 25 percent, the source told FT. The biggest SPAC deal yet. Altimeter Growth Corp 1 and Altimeter Growth Corp 2 are two SPACs funded by Silicon Valley-based venture capital company Altimeter, which manages more than $15 billion in public and private tech investments. … The key point is that he doesn't need to do a SPAC. Seeking Alpha. Southeast Asia ride-hailing company Grab will go public through a special purpose acquisition company (SPAC) in a $35 billion deal that will list the Singapore-based company on the NASDAQ. The Financial... Altimeter Growth (AGC) stock is up on Wednesday following rumors that the SPAC is planning to merge with ride-sharing service Grab. In 2020, the Altimeter Growth 1 SPAC raised $450 million and its share price increased by 25 percent, according to The Financial Times. IPO Investing. Altimeter Growth has two SPAC units for merging with private companies to take them public. Grab, set to go public in the largest SPAC deal, will be a lot more attractive on a pullback to $11.50 or even $10, the "Mad Money" host said. May 4 (Reuters) - As retail investors pump less money into blank-check companies, returns on those stocks are badly underperforming versus the S&P 500. Altimeter (NASDAQ:AGC) announced this morning that it intends to enter into a definitive agreement to combine with Asian ride-hailing service Grab at a pro forma enterprise value of $31.26 billion, or 26.1x its 2020 revenue. Almost $1.2 billion will come from Altimeter, which will “also backstop the sale of any shares in the SPAC by public shareholders when the deal is announced,” sources said, per FT. Altimeter Growth 1 raised $450 million in 2020 and its share price surged 25 percent, the source told FT. According to the Financial Times, Grab will raise approximately US$2.5 billion (S$3.35 billion) in conjunction with the merger, of which about US$1.2 billion will be contributed by Altimeter Capital.
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