Grab shares rise 18 pct in US debut after record $40-billion SPAC merger

Reuters

Posted at Dec 03 2021 08:39 AM

Grab's CEO Anthony Tan and co-founder Tan Hooi Ling pose for photos with the Nasdaq Crystal they received at the Grab Bell Ringing Ceremony, at a hotel in Singapore, December 2, 2021. Caroline Chia, Reuters
Grab's CEO Anthony Tan and co-founder Tan Hooi Ling pose for photos with the Nasdaq Crystal they received at the Grab Bell Ringing Ceremony, at a hotel in Singapore, December 2, 2021. Caroline Chia, Reuters

Shares of Grab rose 18 percent in their US market debut on Thursday, after Southeast Asia's biggest ride-hailing and delivery firm inked a record $40 billion merger with a blank-check company.

More details to follow.

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