The latest volume was: 46.227. Southeast Asian decacorn Grab has announced earlier this week that it plans to go public with a US IPO following its agreement to merge with a special purpose acquisition company (SPAC) backed by Altimeter Growth Corp (NASDAQ: “AGC”). The combined entity’s stock will trade on the Nasdaq under the ticker GRAB after the completion of the deal. Altimeter Growth Corp. (NASDAQ: AGC) stock surged by 2.47% at the last trading close and continued to rise by 11.18% in the pre-market trading session after it has been made official that Southeast Asia’s Grab is ready to be listed in New York through a merger with Altimeter SPAC. The SPAC and New Issue ETF, ticker SPCX, launched in December on the New York Stock Exchange, surpassing $25 million in assets under management earlier this … The AGC share’s 52-week high remains $18.11, put Altimeter Growth Corp has announced the pricing of its initial public offering of 45 million units at $10.00 per unit. Altimeter … (PHOTO / BLOOMBERG) Grab Holdings Inc., Southeast Asia’s most valuable startup, is going public in the US through a merger with blank-check company Altimeter Growth Corp. in what is the largest-ever deal of its kind.. Grab’s impending IPO. The company had been in talks with J.P. Morgan Chase & Co. and Morgan Stanley to find a SPAC merger deal. Grab to go public in a SPAC merger valuing company at nearly $40 billion ... the combined company is expected to list on the Nasdaq under the ticker symbol "GRAB." Altimeter Capital is investing $750 million, according to CNN. Ticker: AGCB. ALTIMETER GROWTH CORP. (Exact name of registrant as specified in its charter) Cayman Islands. When the SPAC acquires a target, the acquired company takes the SPAC’s spot on an exchange and typically gets a new stock ticker. Didi Chuxing, China’s Uber Technologies Inc (NYSE:UBER), published its filing to hold an initial public offering (IPO) in the U.S. by CNN — April 13, 2021 . The SPAC IPO comes on the same day that Altimeter co-led a huge $520 million funding of Roblox Corp., which has shifted from plans to do an IPO last year to doing a … Altimeter Growth Corp. 2: SPAC Investing In Tech Companies Alongside A $16 Billion Hedge Fund Manager Pendulum Mon, Feb. 01 11 Comments The 2021 Portfolio: 10 Stocks For 2021 Date of Report (Date of Earliest Event Reported): April 12, 2021. That’s the irony of ride-hailing in 2021, even as Uber and Didi hold stakes in Grab. 1 month ago - … Grab to go public via merger with Altimeter Capital SPAC: WSJ. The SPAC company, Altimeter Growth Capital, is a so-called blank-check company sponsored by Altimeter Capital Management, a technology-focused investment firm based in California. Shares of Altimeter Growth Capital have been trading on the Nasdaq under the “AGC” ticker since late last year, as it looked for targets, and had climbed as high as $18 in January. When the SPAC acquires a target, the acquired company takes the SPAC’s spot on an exchange and typically gets a new stock ticker. Grab plans to start trading on the NASDAQ under ticker symbol "GRAB" in the coming months. Brad Gerstner's Altimeter Growth is taking Grab Holdings public via a $40 billion SPAC merger. Grab plans to start trading on the NASDAQ under ticker symbol “GRAB” in the coming months. Signa Sports United, owned by Austrian investor Rene Benko, has agreed to a U.S. listing through a blank-check merger that values the online sports goods retailer at … The units will be listed on the Nasdaq Capital Market in the United States and trade under the ticker symbol “AGCUU” starting today. HONG KONG (AP) — Southeast Asia’s largest ride-hailing company, Grab Holdings, said Tuesday that it plans to merge with U.S.-based Altimeter Growth Capital in a deal that would value it at nearly $40 billion and allow it to trade on the Nasdaq Stock Market. Altimeter Growth - AGC. Grab SPAC Is a Singapore Success Story. The SPAC IPO comes on the same day that Altimeter co-led a huge $520 million funding of Roblox Corp., which has shifted from plans to do an IPO last year to doing a … US investment firm Altimeter is putting up $750 million. CNBC's "Halftime Report" breaks down how Grab is going public in the biggest SPAC deal yet, valued at $40 billion, with Altimeter Capital founder & CEO Brad Gerstner, who is taking the SPAC public. A SPAC listing boom ... with Altimeter Growth Corp., the SPAC of Brad Gerstner’s Altimeter Capital Management. Grab is the top-mind ride-hailing company in South East Asia. Southeast Asia's Ride-Hailing Giant Grab Going Public In Record-Breaking $39.6B SPAC Merger. Altimeter Growth Corp. 2 is regulated by the U.S. Security and Exchange Commission and incorporated in the state of Cayman Islands. Southeast Asia’s ride-hailing giant Grab is going public via a record-setting SPAC merger with Altimeter Growth Corp., valued at nearly $40 billion. A bit of Altimeter SPAC confusion has two blank-check companies moving on merger hopes March 12, 2021 By Sarah Smith , Editor, Today's … When the SPAC acquires a target, the acquired company takes the SPAC’s spot on an exchange and typically gets a new stock ticker. Altimeter Growth (NASDAQ: AGC) stock is up on Wednesday following reports that the special purpose acquisition company (SPAC) is planning to … ALTIMETER GROWTH CORP. (Exact name of registrant as specified in its charter) Cayman Islands. The combined entity’s stock will trade on the Nasdaq under the ticker … Based on … WASHINGTON, DC 20549. Sign of SPAC frenzy SPACs … Altimeter is a technology-focused investment firm based in Menlo Park, CA and Boston, MA, with approximately $13 billion of assets under management as of … SPAC mergers have gained popularity over the last year as they allow companies to go public and gain capital more cheaply and more quickly than using a conventional IPO process. Saham entitas gabungan ini akan diperdagangkan di Nasdaq di bawah ticker GRAB setelah penyelesaian kesepakatan. SPAC Boom Faces New SEC Threat With Accounting Crackdown The combined entity’s stock will trade on the Nasdaq in the coming months under the ticker GRAB. Altimeter is participating in a Private Investment in Public Equity, or PIPE, investment in U.K. used-car site Cazoo, which is listing on the New York Stock Exchange via a US$7 billion SPAC … Grab is expected to have a valuation of $39.6 billion post-merger, which is the highest valuation for a SPAC merger on record. Grab is expected to be valued at almost $40 billion as a result the IPO announced today and slated to run under the ticker "GRAB" in the coming months. Southeast Asia’s ride-hailing giant Grab is going public via a record-setting SPAC merger with Altimeter Growth Corp., valued at nearly $40 billion. WASHINGTON, DC 20549. US investment firm Altimeter Capital is putting up $750 million. The combined entity’s stock will trade on the Nasdaq in the coming months under the ticker GRAB. Altimeter Growth Corp., a blank check company formed by Altimeter Capital targeting the tech sector, raised $450 million by offering 45 million units at $10. Altimeter will also support any share sale under the SPAC deal. In SPAC news this week, Grab Holdings announced it intends to go public in the U.S. in partnership with Altimeter Growth in "what is expected to be the largest-ever U.S. equity offering by a Southeast Asian company." After the Grab deal … Their last reported 13F filing for Q1 2021 included $13,984,377,000 in managed 13F securities and … Date of Report (Date of Earliest Event Reported): April 12, 2021. Altimeter Growth Corp. 2 is listed on the stock exchange with the ticker / Symbol AGCB, AGCB SPAC all time high was $15,21 and the lowest price in the last 52 week was: , the current AGCB stock price is $10,58. For financial reporting, their fiscal year ends on December 31st. When the SPAC acquires a target, the acquired company takes the SPAC’s spot on an exchange and typically gets a new stock ticker. Almost $1.2 billion will come from Altimeter, which will “also backstop the sale of any shares in the SPAC by public shareholders when the deal is announced,” sources said, per FT. Altimeter Growth 1 raised $450 million in 2020 and its share price surged 25 percent, the source told FT. Altimeter … After the Grab announcement Tuesday morning, its share price fell 6.9% to $12.99. Altimeter Growth Corp. (NASDAQ:AGC)’s traded shares stood at 2,070,029 during the last session, with the company’s beta value hitting 0. For financial reporting, their fiscal year ends on December 31st. Altimeter Growth Corp. 2 is regulated by the U.S. Security and Exchange Commission and incorporated in the state of Cayman Islands. Altimeter Growth has two SPAC units for merging with private companies to take them public. Sources today claim that Grab will merge with Altimeter Growth 1. This company raised $250 million last year. Grab has raised $12 billion to date and has a cash reserve of about $5 billion. 14.05.2021 - Softbank hat Zahlen für sein abgelaufenes Geschäftsjahr 2020/21 vorgelegt. Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934. The Singapore-based ground transportation and services provider will list on the New York Stock Exchange by way of a SPAC deal with Altimeter Capital Management. Altimeter Growth Corp. 2 is listed on the stock exchange with the ticker / Symbol AGCB, AGCB SPAC all time high was $15,21 and the lowest price in the last 52 week was: , the current AGCB stock price is $10,32. Shares of Altimeter Growth Capital have been trading on the Nasdaq under the “AGC” ticker since late last year, as it looked for targets, and had climbed as high as $18 in January. The Week In SPAC News. Und die waren bombastisch, anders kann man das nicht ausdrücken! Southeast Asia’s ride-hailing giant Grab announced Tuesday it is set to go public through a SPAC merger with Altimeter Growth Corp., in a deal that … According to an SEC filing, Altimeter Growth Capital was incorporated in Aug. 2020. Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934. A Grab Holdings Inc. driver waits for an order in the Bukit Bintang district of Kuala Lumpur, Malaysia, on Jan 6, 2020. Trailing Altimeter Capital Management was Tiger Global Management LLC, which amassed a stake valued at $1135 million. Altimeter's Brad Gerstner on taking Grab public via record SPAC deal. Altimeter Capital Management is a hedge fund with 12 clients and discretionary assets under management (AUM) of $20,660,083,175 (Form ADV from 2021-03-30).
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