Grab's SPAC adventure tells bigger tale of our FOMO times

Has Southeast Asia's most famous unicorn botched the endgame?

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20210416 Anthony Tan Grab.JPG

Grab's CEO Anthony Tan, pictured in June 2017: the point of a SPAC is less the money than the clout founders think comes with being a listed company. © Reuters

William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."

Even the least sentimental of investors must be heartened by Grab's journey from Kuala Lumpur garage to $40 billion sensation drawing global attention to Southeast Asia.

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