for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

REFILE-SoftBank-backed Grab in talks to go public in $40 bln SPAC deal - WSJ

(Corrects Altimeter spelling in last paragraph)

March 11 (Reuters) - Grab Holdings Inc is in talks to go public through a merger with a blank-check firm controlled by Altimeter Capital Management LP that could value the SoftBank-backed ride-hailing company at nearly $40 billion, the Wall Street Journal reported on Thursday.

The Singapore-based company is expected to raise between $3 billion and $4 billion from private investors, the report added. bit.ly/3rD4XR6

Reuters first reported on Jan. 18, citing sources, that Grab was exploring a listing in the United States.

Altimeter did not immediately respond to a Reuters request for comment, while Grab could not be reached outside regular business hours. (Reporting by Sohini Podder in Bengaluru; Editing by Shinjini Ganguli)

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up