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Grab and rivals draw interest through blank-check groups

Southeast Asian startups consider IPOs following Sea's share price rise

Grab and Gojek drivers negotiate traffic in Jakarta. (Photo by Ken Kobayashi)

SINGAPORE -- Humans place a higher value on objects that are scarce. The prices of hand sanitizer and masks that whisked off the online marketplace shelves during the early days of the coronavirus pandemic last year provided evidence of that.

We can apply this principle to investing. And it is being borne out in the number of listed Southeast Asian technology unicorns -- startups valued at over $1 billion.

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