11 days ago • Posted by William Ramstein

Grab IPO pushed back to Q4 as SPAC deals face increased scrutiny

Grab, the asian deliver app and gig business, has postponed its SPAC merger from Q3 to Q4 of this year as the company faces increased scrutiny from US financial regulators, regulators who seek to clamp down on poor SPAC auditing practices. Grab expects to have a market value of about $40B after the combination with Altimeter Growth corp.

Source: Yahoo