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)

KENTARO IWAMOTO, Nikkei staff writer

April 13, 2021 19:43 JST

Updated on April 13, 2021 20:57 JST

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.