William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."
Has Southeast Asia's most famous unicorn botched the endgame?

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."