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Singapore superapp Grab to debut on Nasdaq via SPAC on Dec. 2

Altimeter Growth approves $40bn merger with ride-hailing tech unicorn

Grab provides users throughout Southeast Asia with one app to access ride-hailing, food delivery and mobile payments.

SINGAPORE -- Singapore tech unicorn Grab will list in the U.S. on Thursday, after the special purpose acquisition company (SPAC) it plans to merge with received shareholder approval for the deal at an extraordinary general meeting on Tuesday.

According to a statement released by the SPAC, Altimeter Growth, the majority of its shareholders voted in favor of the deal, which will place Grab on Nasdaq. There were virtually no redemptions -- shareholders voting to receive their investment back -- which came in at a rate of just 0.02%. Official voting numbers will be made public when the company files a form 8-K with the Securities and Exchange Commission. 

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