Short sellers keep targeting SPACs — even as the sector’s stock prices seem ‘relatively stable’ MarketWatch. Altimeter Growth Corp is sponsored by technology-focused investment firm Altimeter Capital Management. 23 hours ago. Grab announced on 13 April that it is set to go public through a SPAC merger with Altimeter Growth Corp. with a valuation of close to US$40 billion. Grab, backed by SoftBank Group Corp., grew net revenue by about 70% in 2020 after bouncing back from a Covid-19 trough. (April 13):Grab Holdings Inc, Southeast Asia’s most valuable startup, is going public in the US through a merger with blank-cheque company Altimeter Growth Corp in what is the largest-ever deal of its kind. Grab … altimeter growth corp (agc): * grab, the leading superapp for deliveries, mobility and financial services in southeast asia1, plans to go public in partnership with altimeter. Altimeter will also support any share sale under the SPAC deal. AGC Stock and AGCB Stock Climb on Altimeter Merger News ET by Tomi Kilgore. Southeast Asia's Grab, which is going public through a merger worth $40 billion with special-purpose acquisition company Altimeter Growth Corp… Altimeter Growth Corp… The data on short interest also indicates that stock shorts accounted for 6.04 million shares as on Apr 14, 2021, resulting in a short ratio of 2.45. Bloomberg • 24 days ago. There have been rumors that Altimeter Growth SPAC might take ride-hailing company Grab public. There are two SPACs from the sponsor, Altimeter Growth Corp. (AGC) and Altimeter Growth Corp. 11 (AGCB). Grab’s impending IPO. Grab to Merge With Black Check Company Altimeter Growth Corp. 6:47AM ET 4/13/2021 MT Newswires. Southeast Asia's ride-hailing giant Grab announced Tuesday that it's set to go public through a SPAC merger with Altimeter Growth Corp., in a deal that values the company at $39.6 billion — the largest... Other stocks mentioned: AGCB 1 month ago - CNBC Television SoftBank-backed Grab agrees to deal to go public in world's largest SPAC merger April 28, 2021. The firms expressed interest in joining a PIPE offering to support a combination with Altimeter Growth Corp … $2.7b in 2020 net loss — down from a loss of $4b in 2019. Grab’s impending IPO. Grab founder Anthony Tan will own 2% of the listed entity, according … Silicon Valley’s Altimeter Capital Management is the sponsor of Altimeter Growth, which listed on the Nasdaq stock exchange in September. Pursuant to the proposed transactions, Altimeter Growth and Grab will become wholly-owned subsidiaries of a new holding company. Grab Holdings, a provider of ride-hailing and food delivery services, is gearing up to go public through a reverse merger with Altimeter Growth Corp… Sources today claim that Grab will merge with Altimeter Growth 1. Grab Holdings Inc. announced its plan of an initial public offering (IPO) in one of America’s stock markets, NASDAQ. The startup, which was last valued at more than $14 billion, is now angling to delve deeper into online finance and food delivery. At Altimeter, our mission is to help visionary entrepreneurs build iconic companies, disrupt markets and improve lives through all stages of growth. The firm’s second SPAC, Altimeter Growth Corp. 2, started trading in January. 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… Altimeter Growth has two SPAC units for merging with private companies to take them public. Apr. The company intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. * ALTIMETER GROWTH CORP ( AGC) - PROPOSED TRANSACTIONS REPRESENT AN EXPECTED EQUITY VALUE ON A PRO-FORMA … We are founders supporting founders and we believe competition around the IPO process offers companies important flexibility and choice. Barron's. Grab’s journey to becoming a U.S.-listed public company is going to be facilitated by a definitive business combination agreement between Grab and Altimeter Growth, a special purpose acquisition company (SPAC). The firms expressed interest in joining a PIPE offering to support a combination with Altimeter Growth Corp … April 13, 2021 - 6:00 am. Grab will combine with the fund Altimeter Growth Corp (NASDAQ: AGC) that raised $450 million last year. 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 … Altimeter has committed to a three-year lock-up period. AGC 11.74 0.08 (0.69%) Pre-Market 0.01 (0.09%) 4,503. The company intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. Altimeter Growth Corp. was founded in in 2020 and is based in Menlo Park, California. Grab Holdings Inc. ("Grab"), Southeast Asia's leading superapp 1, today announced it intends to go public in the U.S. in partnership with Altimeter Growth Corp. (Nasdaq: "AGC") in what is expected to be the largest-ever U.S. equity offering by a Southeast Asian company.The combined company expects its securities will be traded on NASDAQ under the symbol "GRAB… Plan to raise around US$4.5 billion, with $750 million already raised by the SPAC, and another $4.0 billion to be raised via a PIPE (private placement) Sponsor shares (held by Altimeter) will be … Altimeter Growth Corp. 2 had issued 40,000,000 shares in its initial public offering on January 7th. Get the hottest stocks to trade every day before the market … “They put their money where their mouth is,” he said. Silicon Valley’s Altimeter Capital Management is the sponsor of Altimeter Growth, which listed on the Nasdaq stock exchange in September. Altimeter Growth Corp. does not have significant operations. Altimeter Growth Corp., the blank-check company merging with internet giant Grab Holdings Inc., is hovering just a few cents above its record … The combined company’s securities will be traded on Nasdaq under the symbol “Grab” in the coming months. Once this merger is complete, Grab will trade on the Nasdaq under the ticker symbol GRAB. The total size of the offering was $400,000,000 based on an initial share price of $10.00. In its exposure, Grab said a merger with Altimeter Growth Corp will precede the IPO, a special purpose acquisition company (SPAC) listed in NASDAQ under the ticker AGC. Altimeter Growth Corp. was founded in in 2020 and is based in Menlo Park, California. Grab is backed by many global investors including SoftBank Group Corp and Mitsubishi UFJ Financial Group. Grab Holdings, a provider of ride-hailing and food delivery services, is gearing up to go public through a reverse merger with Altimeter Growth Corp… A Ropes & Gray-led team advised Altimeter Growth Corp. (Nasdaq: “AGC”) in its plan to take Grab Holdings public in the U.S. Profile. Yes, you read that right – billion. The deal announced Tuesday will see Singapore-based Grab merge with Altimeter Growth Corp., a SPAC backed by Silicon Valley investment firm Altimeter Capital. Singapore-based Grab Holdings announced it will go public on the NASDAQ stock exchange through a merger with special purpose acquisition company (SPAC) Altimeter Growth Corp. (NASDAQ: AGC) in a deal tha... Tens of billions of dollars is a lot of validation. It formed for the purpose of merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Altimeter Growth Corp NYSE Updated Jun 14, 2021 4:37 AM. Altimeter Growth and Grab will become fully-owned subsidiaries of a new holding company. The CEO said Grab considered a traditional initial public offering, but opted for a deal with Brad Gerstner’s Altimeter after seeing the commitment by the SPAC partner. Singapore-based ride-hailing service Grab plans to go public in the U.S. through a merger with Altimeter Growth ( AGC) in the largest SPAC deal ever, the companies announced Tuesday. Valued near $39.6 billion, the Grab IPO could take several months to complete. This video file cannot be played. (Error Code: 102630) Altimeter Growth Corp… $12bn Amount Grab has raised to date. Mar 2021. Grab will combine with the fund Altimeter Growth Corp (NASDAQ: AGC) that raised $450 million last year. Altimeter Growth Corp.-- set to be one of the largest-ever mergers with a special purpose acquisition company -- to the fourth quarter as it works on an audit of the past three years. The combined company’s securities will be traded on Nasdaq under the symbol “Grab” in the coming months. Grab Holdings has pushed back the completion date of its merger with SPAC Altimeter Growth Corp and initial public offering (IPO) to the fourth quarter of 2021, citing an ongoing financial audit for the past three years. Annual. The stock price of special purpose acquisition company (SPAC) Altimeter Growth Corp (NASDAQ: AGC) increased by over 15% pre-market. Here’s a look a Grab’s numbers: $1.6b in 2020 net revenue — up 60% from 2019. Yes, you read that right – billion. 0.00%. ... SPAC Altimeter Growth falls after $40B deal with Grab delayed until Q4 … Singapore-based start-up Grab last week postponed the expected completion of the deal with Altimeter Growth Corp - set to be one of the largest mergers with a … AGC gained nearly 10% on … Close to $1.2bn will be funded by Altimeter for a total valuation of close to $35bn. Get Altimeter Growth Corp (AGCUU:NASDAQ) real-time stock quotes, news, price and financial information from CNBC. The merger will result in Grab Holdings becoming a publicly traded company. The Wall Street Journal reported on Thursday that Grab was in talks with Altimeter. Buying Altimeter Growth (AGC) stock on merger rumors It still isn't certain whether AGC will merge with Grab. Altimeter Growth Corp’s shares have gained 25% since listing. News for Altimeter Growth Corp. Cl A. Saturday, May 22, 2021. Altimeter Growth Corp. (NASDAQ:AGC) went down by -7.33% from its latest closing price compared to the recent 1-year high of $18.11. AGC Altimeter Growth Corp — Stock Price and Discussion | Stocktwits. 0.69%. This partnership is the biggest blank-cheque company deal on record, and the proposed transaction will give Grab a market value of about US$39.6 billion (S$53.1 billion). EX-10.5. Grab announced on 13 April that it is set to go public through a SPAC merger with Altimeter Growth Corp. with a valuation of close to US$40 billion. Grab … The combined company expects its securities will be traded on NASDAQ under the symbol “GRAB” in the coming … Financial performance. The investment firm has raised a total of $850M for Altimeter Growth ... a region totally underrepresented on U.S. stock markets," a banker ... Altimeter Growth Corp. AGCB. Shares of the Altimeter Growth Corp. stock continued the rising trend in yesterday’s aftermarket session after rising as much as 5.11% at the previous closing.AGC stock price saw a push of 5.17% to reach $13.84 a share in the late hours of Monday, on April 19, 2021. SINGAPORE (Reuters) - Southeast Asia's Grab, which is going public through a merger worth $40 billion with special-purpose acquisition company Altimeter Growth Corp said on Wednesday it expects to complete the business combination during the fourth quarter. Grab will combine with the fund Altimeter Growth Corp (NASDAQ: AGC) that raised $450 million last year. Grab Holdings, billed as Southeast Asia's biggest technology platform, announced on Tuesday (April 13) that it would go public through a SPAC merger. Grab plans to go public in the U.S. through a merger with Altimeter Growth in a deal valued near $39.6 billion. The Grab IPO will list on the Nasdaq and is expected to raise $4.5 billion. The Wall Street Journal reported on 04/14/21 that Grab Ahold of Grab Holdings’ $40 Billion SPAC Deal. 13, 2021 at 6:07 a.m. Grab’s SPAC Vehicle Altimeter Near Record Low After 28% Dive (Bloomberg) -- Altimeter Growth Corp., the blank-check company merging with internet giant Grab Holdings Inc., is hovering just a few cents above its record low after cratering 28% since the deal was unveiled in April.Altimeter closed Thursday at $11.06, just shy of its $10.98 historical trough. Grab Holdings Inc. announced its plan of an initial public offering (IPO) in one of America’s stock markets, NASDAQ. That said, there's massive investor interest in … Altimeter Growth Corp. does not have significant operations. The deal announced Tuesday will see Singapore-based Grab merge with Altimeter Growth Corp., a SPAC backed by Silicon Valley investment firm Altimeter Capital. That consideration was to reach 2 … Get the latest Altimeter Growth Corp (AGC) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions. After the end of Altimeter Growth Corp. 2's lock-up period, major shareholders and company insiders will be able to sell their shares of the company. Altimeter Group Corp. (NASDAQ: AGC) announced it would bring Softbank-backed (OTCMKTS: SFTBY) Grab stock public in a deal that could value this giant at $40 billion. 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. … New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger of Altimeter Growth Corp. (NASDAQ: AGC) and Grab Holdings Inc. is fair to Altimeter shareholders. O pportunity. Altimeter Growth Corp. is a blank check company. The merger terms put a price tag … InvestorsObserver. April 13 (Reuters) - Altimeter Growth Corp ( AGC ): * GRAB, THE LEADING SUPERAPP FOR DELIVERIES, MOBILITY AND FINANCIAL SERVICES IN SOUTHEAST ASIA1, PLANS TO GO PUBLIC IN PARTNERSHIP WITH ALTIMETER. Altimeter’s 15.1% stake in Snowflake Inc (NYSE: SNOW) data analytics company was valued at close to $4.4 billion upon its U.S. listing last year. 2021-04-13. Grab’s statement on Tuesday confirmed an earlier Financial Times report on its upcoming public listing. Some analysts have questioned Grab’s targeted valuation. Investors appear to be responding to reports that Altimeter will be taking Grab public at a $35 billion valuation. Grab is going to IPO via Altimeter Growth Corp (a SPAC) Valuation will be US$39.6 billion. Altimeter will also support any share sale under the SPAC deal. It's the largest SPAC merger of all time, with Altimeter Growth Corp (AGC) finally striking deal with Singapore's Grab at nearly a $40B equity value. The ride-hailing company added that it expects the merger to be completed in Q4 2021 … Grab IPO, Grab Holdings, Special Purpose Acquisition Companies (SPACs), Altimeter Growth Corp Grab had postponed its expected merger with Altimeter to 4Q21 as it works on an audit of the past three years. Altimeter has backed two SPACs - Altimeter Growth and Altimeter Corp 2. * altimeter growth corp (agc) - proposed transactions represent an expected equity value on a pro-forma basis of approximately us$39.6 billion. SINGAPORE (May 14): Altimeter Growth Corp, the blank-cheque company merging with internet giant Grab Holdings Inc, is hovering just a few cents above its record low after cratering 28% since the deal was unveiled in April.Altimeter closed on Thursday at US$11.06, just shy of its US$10.98 historical trough. Altimeter Growth Corp. was founded in in 2020 and is based in Menlo Park, California. Grab made waves earlier this week after confirming its intention to go public in the United States in partnership with Altimeter Growth Corp. . The company expects to grow its GMV and revenue by a compound annual growth rate (CAGR) of 40% and 42%, respectively, over the next three years. Looking to compare stocks? The record-breaking SPAC transaction is expected to be the largest-ever U.S. equity offering by a Southeast Asian Company. Grab is Southeast Asia’s leading superapp. Grab to go public through merger with Altimeter Growth in a deal valuing Grab at $39.6 bln. Grab Ahold of Grab Holdings’ $40 Billion SPAC Deal The Wall Street Journal Interactive Edition. Grab Holdings Inc. (“Grab”), Southeast Asia’s leading superapp 1, today announced it intends to go public in the U.S. in partnership with Altimeter Growth Corp. (Nasdaq: “AGC”) in what is expected to be the largest-ever U.S. equity offering by a Southeast Asian company.The combined company expects its securities will be traded on NASDAQ under the symbol “GRAB” in the coming … Price. Once this merger is complete, Grab will trade on the Nasdaq under the ticker symbol GRAB. Altimeter Growth Corp. 2 is a blank-check company incorporated as a Cayman Islands exempted company, which was incorporated to consummate a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business … (Bloomberg) -- Altimeter Growth Corp., the blank-check company merging with internet giant Grab Holdings Inc., is hovering just a few cents above … Altimeter Growth Corp is sponsored by technology-focused investment firm Altimeter Capital Management. Probably Grab can emerge Go-Jek with 25% of Grab shares even after the listing. 10 June 2021 Update: Grab Postpones Special Purpose Acquisition Company (SPAC) Deal to Q4 2021. Grab will combine with the fund Altimeter Growth Corp (NASDAQ: AGC) that raised $450 million last year. Altimeter Growth Corp. is based in Menlo Park, California. Altimeter Growth Corp.’s shares belong to company insiders and institutional investors own 27.10% of the company’s shares. Altimeter Growth agreed to merge with Grab Holdings, a Singapore-based ride-hailing and food-delivery provider. Altimeter Growth Corp. does not have significant operations. Grab will list on the Nasdaq under ticker symbol GRAB after the deal is completed. Grab’s statement on Tuesday confirmed an earlier Financial Times report on its upcoming public listing. Altimeter Growth Corp’s shares have gained 25% since listing. Altimeter Growth Corp. (NASDAQ: AGC) stock surged by 2.47% at the last trading close and continued to rise by 11.18% in the pre-market trading session after it has been made official that Southeast Asia’s Grab is ready to be listed in New York through a merger with Altimeter SPAC.
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