Grab Holdings

Kimberly Redmond | |

Grab Holdings, Southeast Asia’s biggest ride-hailing and food delivery service, is considering a secondary public listing in its home market of Singapore, according to Reuters.

The outlet, citing confidential sources familiar with the matter, reported that Grab is still in the early stages of consideration and a timetable, as well as financial terms, are being worked out.

Kimberly Redmond | |

Grab Holdings, Southeast Asia’s largest ride-hailing and food delivery company, plans to merge with US-based special purpose acquisition company Altimeter Growth Corporation (Nasdaq: AGC) in a deal that would value it at nearly $40 billion.

Under the deal announced Tuesday, Grab will receive about $4.5 billion in cash proceeds, over $4 billion of which will come from institutions such as BlackRock, Counterpoint Global, T. Rowe Price and Fidelity.