Southeast Asia's Grab considering U.S. IPO this year -sources


SINGAPORE: Southeast Asian ride-hailing and food delivery giant Grab is exploring a listing in the United States this year, encouraged by robust investor appetite for IPOs, three sources familiar with the matter told Reuters.

The IPO could raise at least $2 billion, one of the sources said, which would likely make it the largest overseas share offering by a Southeast Asian company.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

IPO , Grab , Gojek , SoftBank

   

Next In Business News

Potential impact from US AI chip restrictions to be minimal for Malaysian contractors - CIMB
Global uncertainties push ringgit to open higher against US$
FBM KLCI finds its footing with positive start
Trading ideas: Yinson, Mah Sing, YTL Power, Kawan, Theta, Target I, AYS, Atlan, Sunway Property, CapitaLand, Oriental Kopi
Oil prices slip on US energy demand forecast
S&P 500 edges higher, Nasdaq dips in choppy session
Axiata aims to pare debt, monetise assets this year
Optimistic outlook for logistics sector
Atlan 3Q net profit surges to RM30mil business environment ahead
Yong Su-Lin appointed as new CLMT CEO

Others Also Read