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Startups

Grab poised for U.S. listing as SPAC deal set for vote next week

Singapore unicorn may start trading by early December pending shareholder approval

A Grab car parked at Soekarno-Hatta International Airport in Indonesia (Photo by Ken Kobayashi)

SINGAPORE -- Singapore unicorn Grab could list in the U.S. by early December after the special purpose acquisition company it plans to merge with said it will vote on the proposed deal next week.

Altimeter Growth Corp., the SPAC in question, will hold an extraordinary general meeting on Nov. 30, U.S. time, to seek shareholder approval for the merger. Grab will hold its own EGM by the same date. Assuming both sets of shareholders approve, Grab could complete the merger and make its public debut on Nasdaq.

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