ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Startups

Singapore's Grab faces latest test in Nasdaq debut

Big in Southeast Asia, the 9-year-old startup goes public in U.S. amid pandemic

Grab has been grappling with intensifying competition and the multiyear impact of the COVID-19 pandemic. (Photo by Dimas Ardian)

SINGAPORE -- Singapore's Grab will make its stock market debut in the U.S. on Thursday, marking a major milestone -- and the latest test -- for one of Southeast Asia's most important tech companies.

A "superapp" that offers services from ride-hailing to food delivery and mobile payments to millions of users, Grab has reported big losses for at least the last three years of its nine-year history. It has also been grappling with intensifying competition and the multiyear impact of the COVID-19 pandemic.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more