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....