The largest ridesharing company in Southeast Asia is coming to New York — in a SPAC deal

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  • CNBC Television published this video item, entitled “The largest ridesharing company in Southeast Asia is coming to New York — in a SPAC deal” – below is their description.

    Arash Massoudi, corporate finance and deals editor at the Financial Times, discusses the news that Singapore-based Grab is set to list on the New York Stock Exchange via a SPAC merger, that would value the ride-share, delivery and payments company at $35 billion.

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    Singapore, officially the Republic of Singapore, is a sovereign island city-state in maritime Southeast Asia.

    The country’s territory is composed of one main island, 63 satellite islands and islets, and one outlying islet, the combined area of which has increased by 25% since the country’s independence as a result of extensive land reclamation projects. It has the second greatest population density in the world. The country has almost 5.7 million residents, 61% (3.4 million) of whom are Singaporean citizens. There are four official languages of Singapore: English, Malay, Chinese, and Tamil; with English being the lingua franca.

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