Analysis: Grab's Nasdaq debut to test its $40 bln valuation, set roadmap for SPAC hopefuls
Analysis: Grab's Nasdaq debut to test its $40 bln valuation, set roadmap for SPAC hopefuls
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These gains may be generated by portfolio rebalancing or the need to meet diversification requirements.
Besides raising capital, why else would a company like Grab go public? Consumers are changing their entire spending patterns to align with the new business models, and these new players are shaving revenue off traditional giants.
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