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Initial Public Offering

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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
    -
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IPO Details

Who is Grab?

Grab Holdings Inc, commonly known as Grab, is the first Southeast Asian “decacorn” with a private valuation of over $16 billion. The Singaporean multinational ride-hailing company was founded in 2012 by Anthony Tan and Tan Hooi Ling.

Grab came under the spotlight in 2018 when Uber sold its Southeast Asian business to it, and, in return, it took a stake in the company.

Backed by global investors such as SoftBank Group, Grab managed to expand to a one-stop-shop, offering food delivery and digital payment services. It operates in 8 Asian countries and more than 351 cities.

 

Grab SPAC statistics

Grab announced that it will go public through a SPAC merger with Altimeter Growth Corp. in a deal that could value the company at $35 billion, making it the largest blank-check merger to date. At the same time with the merger, Grab will also raise about $2.5 billion via a private investment in public equity (PIPE) deal. The Silicon Valley-based Altimer is said to purchase around $1.2 billion worth of PIPE shares.

 

What is Grab valuation?

Under the deal, the Singapore-based company is to raise more than $4 billion in cash from investors such as Fidelity, BlackRock, T. Rowe Price, Mubadala, and Temasek.

So far, Grab has raised $12 billion and holds approximately $5 billion in cash reserves, pushing its private valuation to over $16 billion.

Grab’s net revenue surged 70% in 2020 and saw its delivery business transform into its most significant segment as people started to have food delivered during the pandemic. Its adjusted net revenue figures came in at $1.6 billion, and it is expected to reach $4.5 billion in 2023.

Basic info about Grab

  • It was part of the 2020 CNBC Disruptor 50 list
  • According to Reuters, its revenue had grown 70% YoY in 2020
  • It has acquired three companies, the most recent being Bento on Feb 4, 2020

 

Sources: crunchbase.com, cnbc.com, cnn.com, businessinsider.com

Summary

  • Founding year
    2012
  • Ticker
    GRAB
  • Exchange
    NASDAQ
Fiók létrehozása

Key Points

Get a quick overview of the essential figures for Grab Holdings Inc IPO

Private Valuation

$16B

Net Revenue

$1.6B

Net revenue increase

70%

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Grab Holdings Inc. IPO Sneak peek
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