Grab, Southeast Asia's biggest ride-hailing and delivery firm, makes its market debut on Thursday after a record $40 billion merger with a special purpose acquisition company (SPAC), in a listing that will set the tone for other regional offerings.
GoTo plans a local IPO in 2022 after completing an expected $2 billion private fundraising, sources have told Reuters. A U.S. listing will follow the Jakarta offering.
CEO Tan, 39, expanded Grab into a regional operation with a range of services, after launching it as a taxi app in Malaysia in 2012. It later moved its headquarters to Singapore. He will end up with 60.4% voting rights along with Grab's co-founder, and president Ming Maa, but control only 3.3% stake with them.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Canada excludes Boeing from C$19 bln fighter jet contract, gives no reasonCanada has formally excluded Boeing Co from a multi-billion-dollar contract to supply 88 new fighter jets, the federal government said on Wednesday, but did not give a direct explanation.
Les mer »
Amazon internal data shows Black Friday revenue jumpedLeaked internal data shows Amazon's Black Friday revenue jumped from a year earlier, crushing the broader industry which suffered declines
Les mer »
Wall Street thinks new Twitter CEO Agrawal is too much of an insiderWall Street thinks new Twitter CEO Parag Agrawal is too much of an insider to bring needed change to the company
Les mer »
Big Law firms are hiking associate bonuses up to $115,000Cravath just set the going rate for Big Law associate bonuses, and other firms are following. At up to $115,000, the payout is the biggest ever, but some junior lawyers expected even more.
Les mer »
Musk has $2.5 billion reason to move to Texas: taxesInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Les mer »
This Apple manager quit partly due to strict return-to-office policiesThis Apple manager loved his job. He quit anyway and took a 50% pay cut partly due to the company's stringent return-to-office policies
Les mer »