ALTIMETER GROWTH CORP. UT

As Grab-AGC merger draws near, new insights derived from auditors and SEC's increased scrutiny of SPACs drastically changed our bullish thesis established 5 months ago. Grab's top line and bottom line improved in 2021Q1 as a result of increased GMV per user. However, decline in monthly users suggests that growth momentum at risk due to competitions. » Mehr auf seekingalpha.com

SoftBank Group Corp (OTC: SFTBF) (OTC: SFTBY)-backed Singapore's ride-hailing and financial services start-up Grab is set for a U.S. public listing through Altimeter Capital's SPAC (special purpose acquisition company) Altimeter Growth Corp (NASDAQ: AGC), in a deal valued at $35 billion by as early as this week, the Financial Times reports. Altimeter has procured $850 million for two SPACs. » Mehr auf benzinga.com

Shares in Altimeter Growth 1 , a special purpose acquisition company operated by Altimeter Capital, rose 19% in premarket trade after the Financial Times said it's in talks to merge with Singapore food delivery and payment service Grab. Grab will raise $2.5 billion in total financing, with nearly $1.2 billion coming from Altimeter in the deal that will give Grab a valuation near $35 billion, the report said. » Mehr auf marketwatch.com