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Startups

Grab's future IPO plans not affected by COVID, president says

Singapore unicorn intends to maintain 'super app' strategy in post-pandemic era

Although the pandemic has forced Grab to emphasize different services, it says its revenue is currently about 95% of pre-COVID level.   © Reuters

SINGAPORE -- Singapore's Grab has not changed its thinking regarding a future IPO because of COVID-19, according to its president, whose remarks are the latest indication that Southeast Asia's largest unicorn remains keen to go public as it adjusts its strategies amid the pandemic.

Speaking at a virtual conference organized by DealStreetAsia, a Singapore-based startup-focused news site, Ming Maa on Tuesday said, "There's no change in our thinking around [an] IPO or the timelines."

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