Invest
Smart Reads of the Week: Grabbing The Stock Market Bull by the Horns
By The Smart Investor  •  April 17, 2021
The stock market is on the verge of welcoming its biggest SPAC (special purpose acquisition company) deal to date. This time, the company will come from our own backyard. Grab, one of Asia’s largest private companies, is going public via a merger with a SPAC, Altimeter Growth. The ride-hailing cum food delivery company is expected to raise about US$4.5 billion from this deal. With this merger, Grab is expected to be valued at close to US$39.6 billion. Home-grown companies are emerging from their shell. Sea Limited (NYSE: SE), the owner of the popular e-commerce site Shopee, was valued at just US$4 billion during its IPO in October 2017. Since then, it has grown more than 30-fold into a US$125 billion behemoth. With Grab’s successful listing, investors now have a chance to own a piece of Asia’s most valuable ride-hailing business. The opportunities can only grow from here. Here is a list of our top articles for this week....
Read the full article
By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance