Grab in Advanced Talks to Merge With Altimeter’s First SPAC
- Southeast Asia ride-hailing giant may be valued at $40 billion
- Deal could include $2.5 billion to $3 billion PIPE fundraising
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Grab Holdings Inc. is in advanced talks to go public through Altimeter Capital’s first blank-check company, in a deal that could value the Southeast Asian ride-hailing giant at about $40 billion, people familiar with the matter said.
The potential transaction with Altimeter Growth Corp. could involve raising $2.5 billion to $3 billion through a private investment in public equity, or PIPE, according to one of the people. Formal talks with prospective PIPE investors could start as soon as next week, the people said, asking not to be identified as the discussions are confidential.