Grab Holdings is exploring going public in the U.S. through a merger with a SPAC as the Southeast Asian ride-hailing and delivery giant seeks to expedite its listing process, Bloomberg reports, citing people familiar with the matter.
JPMorgan Chase & Co. and Morgan Stanley, which are already advising Grab on its IPO, are working with the startup to identify SPACs that it could combine with, the people said. Still, a U.S. listing via a traditional IPO isn’t off the table, said the people. Read more.
