Shares & Derivatives
Why I Wouldn’t Buy Grab Shares
By Seedly  •  June 8, 2021
You would’ve probably heard by now that Grab will become a listed company through a merger with Altimeter Growth Corp (NASDAQ: AGC), a special purpose acquisition company (SPAC). 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....
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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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