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Startups

Singapore's Grab to list in US through $40bn SPAC deal

Tech unicorn to lead Southeast Asia IPO rush after pandemic supercharges growth

The Grab-Altimeter deal will likely be the biggest listing through a SPAC.(Photo by Dimas Ardian)

SINGAPORE -- Southeast Asia's biggest unlisted startup, Grab, is to go public in the U.S. through a merger with a special purpose acquisition company (SPAC), the "superapp" developer announced Tuesday, a deal that will catapult the Singaporean company and the region's fast-growing digital market into the global spotlight.

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