PALO ALTO, U.S. -- Grab Holdings, Southeast Asia's highest-valued startup, said last month that it will go public in the U.S. by merging with a so-called special purpose acquisition company, or SPAC, the world's largest blank-check merger to date.
Grab's deal with Altimeter Growth values the "superapp" at almost $40 billion and shows how SPACs are a Wall Street favorite now also attracting interest in Asia.
