Altimeter Growth

Altimeter Growth Corp. is a blank-check company incorporated as a Cayman Islands exempted company, which was incorporated to consummate a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated on August 25, 2020 and is headquartered in Menlo Park, CA. Redemption Price: 10. Warrant Coverage: 1/5.

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Altimeter Growth Corp. is a blank-check company incorporated as a Cayman Islands exempted company, which was incorporated to consummate a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated on August 25, 2020 and is headquartered in Menlo Park, CA.

The Special Purpose Acquisition Company (SPAC) begins trading publicly. During this phase the SPAC looks for a target company to merge with or acquire.

SEARCHING PHASE

The SPAC announces which company it will be acquiring (and taking public).

PREVIOUS PHASE

Investors and shareholders will meet to approve the acquisition.

CLOSING PHASE

Singapore-based Grab Holdings Inc. announced Tuesday a deal to go public through a merger with special purpose acquisition company Altimeter Growth Corp. in a deal that values Grab at $39.6 billion. Shares of Altimeter Growth surged 7.2% in premarket trading.

Grab to go public in a SPAC merger valuing company at nearly $40 billion

SoftBank Group Corp

Southeast Asian ride-hailing giant Grab is going public via a record-setting SPAC merger with Altimeter Growth Corp., valued at nearly $40 billion.

SoftBank-backed Grab agrees to deal to go public in world's largest SPAC merger

SINGAPORE & MENLO PARK, Calif.--(BUSINESS WIRE)--Grab Holdings Inc. (“Grab”), Southeast Asia's leading superapp1, today announced it intends to go public in the U.S. in partnership with Altimeter Growth Corp. (Nasdaq: “AGC”) in what is expected to be the largest-ever U.S. equity offering by a Southeast Asian company. The combined company expects its securities will be traded on NASDAQ under the symbol “GRAB” in the coming months. The proposed transactions value Grab at an initial pro-forma equi

Grab, the Leading Superapp for Deliveries, Mobility and Financial Services in Southeast Asia1, Plans to Go Public in Partnership with Altimeter

Southeast Asia's largest ride-hailing and food delivery firm Grab Holdings is set to announce later on Tuesday a merger with U.S.-based Altimeter that is set to value Grab at nearly $40 billion and lead to a public listing, three people told Reuters.

Grab to announce merger with U.S. SPAC, to be valued at nearly $40 billion - sources

Grab Holdings Inc. has garnered the interest of Temasek Holdings Pte and T. Rowe Price Group Inc. for its intended business combination with a special purpose acquisition company (SPAC), Bloomberg reported, citing unnamed sources.

Report: Temasek, T. Rowe May Join PIPE For Grab's Merger With SPAC

Two of Asia's largest and most prominent ride-hailing services are reportedly making moves to go public in the U.S.

Asia's largest ride-hailing companies appear headed for U.S. markets

No longer a rumor, Grab is set to go public via Altimeter Growth Corp. at an even better valuation than initially rumored and UBER. Grab's revenue has recovered well over pre-COVID levels and looks to break even on its food delivery segment as it is poised to benefit from recovering economies.

Fundamentals And Technicals Align For Grab, Don't Miss It

A deal would value the company at $35 billion.

Asian Ride-Sharing Company Grab Reportedly Plans to List in U.S. via a SPAC Merger

Southeast Asia ride-hailing company Grab will go public through a special purpose acquisition company (SPAC) in a $35 billion deal that will list the Singapore-based company on the NASDAQ. The Financial Times reported on Wednesday that the deal with one of Altimeter Growth's SPACs is expected to be finalized this week.

Grab closing in on $35B SPAC deal, largest-ever

The Singapore-based ride-hailing and delivery giant Grab is reportedly set to list in the US via a SPAC merger with Altimeter Growth Corp. 1. The deal values the combined entity at $35 billion, according to three unnamed sources from The Financial Times,

Singaporean ride-hailing giant Grab is reportedly set to list in the US via a SPAC merger at a $35 billion valuation

Altimeter Growth (AGC) stock is up on Wednesday following rumors that the SPAC is planning to merge with ride-sharing service Grab. The post AGC Stock: 19 Things to Know About Altimeter Growth and the Huge Grab SPAC Merger appeared first on InvestorPlace.

AGC Stock: 19 Things to Know About Altimeter Growth and the Huge Grab SPAC Merger

SoftBank Group Corp (OTC: SFTBF) (OTC: SFTBY)-backed Singapore's ride-hailing and financial services start-up Grab is set for a U.S. public listing through Altimeter Capital's SPAC (special purpose acquisition company) Altimeter Growth Corp (NASDAQ: AGC), in a deal valued at $35 billion by as early as this week, the Financial Times reports. Altimeter has procured $850 million for two SPACs.

Altimeter Growth Stock Is Trading Higher As Singapore's Grab Eyes Public Listing Via $35B SPAC Merger: FT

Grab, a South-East Asian startup backed by Japanese conglomerate SoftBank, is set to list in the US through a US$35bn merger deal with a special purpose acquisition company (SPAC). The company, which offers a range of services including ride-hailing, food delivery and payment solutions, is reported to be on the cusp of finalising a merger deal with a SPAC owned by technology investment firm Altimeter Capital, through which it is predicted to raise around US$3.7bn.

Singapore's Grab to list in US through SPAC merger

Singapore's ride-hailing super app Grab is going public in New York via a blank check merger with Altimeter Capital in a deal that gives Southeast Asia's most valuable startup a valuation of about $35 billion, Financial Times reported on Wednesday (April 7). Grab is set to finalize its merger agreement this week with Altimeter Growth […]

Altimeter SPAC Taking Grab Public In Mega New York Listing

Shares in Altimeter Growth 1 , a special purpose acquisition company operated by Altimeter Capital, rose 19% in premarket trade after the Financial Times said it's in talks to merge with Singapore food delivery and payment service Grab. Grab will raise $2.5 billion in total financing, with nearly $1.2 billion coming from Altimeter in the deal that will give Grab a valuation near $35 billion, the report said.

Altimeter Growth shares jump premarket on FT report it'll merge with Singapore's Grab

Grab is in advanced talks with Altimeter Growth Corp for a very probable merger. This probability stems from Grab's obligation to Uber to go public before 2023. Grab's proof of concept and ability to scale are evident in its rapidly increasing adoption rate.

Grab Holdings Is Your Second Chance On Your Lost Opportunity With Uber

News of a Grab SPAC merger has AGC stock and AGCB stock moving. Here's what to know about the deal for the ride-hailing startup.

Grab SPAC? AGC Stock and AGCB Stock Climb on Altimeter Merger News

Grab Holdings Inc is in talks to go public through a merger with a special purpose acquisition company that could value the ride-hailing giant at nearly $40 billion, making it the largest ever blank-check deal, people familiar with the matter said on Thursday.

SoftBank-backed Grab in talks to go public in nearly $40 billion SPAC deal: sources

The stock price of Altimeter Growth Corp (NASDAQ: AGC) increased by 22.08% today. This is why it happened.

AGC Stock Price Increased 22.08%: Why It Happened

Singapore's Grab could hit a valuation as high as $40 billion if talks with a special purpose acquisition company (SPAC) solidifies into a deal, The Wall Street Journal reported on Thursday (March 11), citing sources. If a deal is reached it will break records as the largest SPAC merger so far.

Grab Valuation Could Hit $40 Million If SPAC Talks Solidify

Two SPACs affiliated with Altimeter Capital surged in Thursday trades following a report from The Wall Street Journal that said talks are underway for ride-hailing company Grab to go public via a reverse merger with the blank check company. Altimeter Growth Corp. and Altimeter Growth Corp. 2 surged as much as 29% and 16%, respectively, as its unclear which SPAC is in talks to merge with Grab. The Wall Street Journal said deal talks could fall apart and if so, Grab would likely explore a traditional IPO listing on a US exchange later this year.

News for Altimeter Growth Stock (AGC)