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If You Can’t Wait for the Grab IPO, You Can Ride on the Growth of These Companies
By Seedly  •  January 19, 2021
Grab is gunning for a listing this year, according to news reports. The initial public offering (IPO) could raise at least US$2 billion with the company’s last known valuation being US$14 billion. If you can’t wait for South-East Asia’s ride-hailing and food delivery giant to go public, you can consider investing in its listed peers. Those companies operate similar businesses as Grab, but in different parts of the world. With that, let’s dive right in… Company #1: Meituan  Meituan (HKG: 3690) is China’s leading e-commerce platform for services, offering users access to everything from food delivery to hotel services. According to TrustData, Meituan had around 65% market share in China’s food delivery sector in 2019, with Alibaba‘s (HKG: 9988) Ele.me coming in second at 27%. Meituan’s market share had increased from the previous year, which stood at 61%. Meituan has also ventured into car-hailing services, operating an aggregation business model in 54 Chinese cities at the end of 2019....
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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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