April 15, 2021 11:30 AMThe deal is set to be the world's biggest ever by a blank-cheque company. :
SINGAPORE (REUTERS) - Grab, South-east Asia's biggest ride-hailing and food delivery firm, is going public in the United States via a merger with special-purpose acquisition company (Spac) Altimeter Growth Corp, securing a valuation of nearly US$39.6 billion (S$52.9 billion). Founded in 2012, Grab is South-east Asia's largest start-up and was valued at just over US$16 billion last year.