Would Grab command billions if it goes public?

AFTER the latest round of fund-raising, Grab, the company that has taken the hired-car service industry in the region by storm, commands a valuation of US$6bil or RM25.6bil.

That is even higher than the market capitalisation of Telekom Malaysia Bhd (TM) and Kuala Lumpur Kepong Bhd (KLK). TM is in the telecommunications business and the dominant provider of fixed broadband service, while KLK is easily among the more established plantation companies in the world.