The merger is expected to be completed by July 2021. Once the deal goes through, Grab will trade under the ticker “GRAB” on the Nasdaq stock exchange.
There’s plenty of publicity surrounding Grab’s listing since it’s a well-known tech outfit with businesses spanning food delivery, ride-hailing, and digital wallet payments in Southeast Asia.
There seems to be a long growth runway for Grab too, attracting many investors.
According to the company, Grab’s market opportunity in this part of the region is huge, with its total addressable market (TAM) set to grow to US$180 billion by 2025, up 28% annually from US$52 billion in 2020.
Source: Grab SEC Form 425 filing
Despite the growth potential of Grab, I’ll skip investing in the company.