Southeast Asia's ride-hailing giant Grab announced Tuesday it is set to go public through a SPAC merger with Altimeter Growth Corp., in a deal that values the company at $39.6 billion — the . Buying Altimeter Growth (AGC) stock on merger rumors It still isn't certain whether AGC will merge with Grab. GRAB / Altimeter Growth Corp. short borrow fee rates are shown in the following table. Grab is the ASEAN tech giant that will be injected into Altimeter Growth Corp in a SPAC deal announced in 2Q21. SINGAPORE (BLOOMBERG) - Altimeter Growth Corp, the blank-cheque company merging with internet giant Grab Holdings, is hovering just a few cents above its record low after sinking 28 per cent since . Short Borrow Fee Rates GRAB / Altimeter Growth Corp. short borrow fee rates are shown in the following table. SPAC stands for "special purpose acquisition company," but they are often better known as "blank-check companies." With a SPAC, investors plug in . Here are four reasons why Altimeter Growth (AGC) could be the next number one short squeeze: Reason #1) Grab: Grab is the #1 Super App in Southeast Asia. Altimeter Growth is a special purpose acquisition company (SPAC) that will eventually merge with a company called Grab to take that company public. This fee is shown as an annual percentage rate (APR). This is why its SPAC partner, Altimeter Growth, is down nearly 10% this morning. GRAB / Altimeter Growth Corp. Institution: BBIEX - Bridge Builder International Equity Fund: Latest Disclosed Ownership: 54,109 shares: Latest Disclosed Value: $ 189,381: Related: AGC / Altimeter Growth Corp. Class A AGCUU / Altimeter Growth Corp. Unit AGCWW / Altimeter Growth Corp. MENLO PARK, Calif., Nov. 30, 2021 /PRNewswire/ -- Altimeter Growth Corp. ("AGC" or "the company") (NASDAQ: AGC) today announced AGC shareholders approved the previously . Really, that's the selling point of Grab as an investable business venture. * altimeter growth corp - grab posted gmv of approximately us$12.5 billion in 2020, surpassing pre-pandemic levels and more than doubling from 2018 * altimeter growth corp - grab pipe was upsized . Altimeter Growth Corp and Altimeter Growth Corp . Grab Holdings Inc. announced Tuesday its merger with special purpose acquisition company Altimeter Growth Corp. ahead of the plan to hold the largest initial public offering in the United States by a Southeast Asian company. Altimeter Growth Corp's shares have gained 25% since listing. Total revenue was $180 million, up 132% year-over-year ("YoY"). Altimeter Growth Corporation (Nasdaq: AGC) is a special purpose investment vehicle sponsored by Altimeter Growth Holdings ("Altimeter"), which is part of the Altimeter Capital Markets Platform, formed to invest in and help bring a world-class technology company to the public markets. This is why its SPAC partner, Altimeter Growth, is down nearly 10% this morning. Altimeter Growth 2's . - December 1, 2021 (Eastern Time) - Grab Holdings Limited ("Grab"), Southeast Asia's leading superapp [1], today completed its previously announced business combination with Altimeter Growth Corp. (Nasdaq: AGC) ("Altimeter"), a special purpose acquisition company. (Bloomberg) -- Grab Holdings Ltd., Southeast Asia's biggest ride-hailing and delivery company, fell sharply in its first day of trading after completing its merger with Altimeter Growth Corp . Contact Information Grab said the merger with Altimeter, which will bring $4bn from Altimeter and other heavyweight investors such as Blackrock, T Rowe Price, Fidelity and others, would allow it to build on its growth. Grab said in a statement it was planning to go public in the United States in partnership . P artnership. Save. Lenders are funds or individuals that own the security that have indicated to the broker . Altimeter's mission is to help visionary entrepreneurs build iconic companies, disrupt markets and improve lives through all stages of growth. - April 13, 2021 - Grab Holdings Inc. ("Grab"), Southeast Asia's leading superapp [1], today announced it intends to go public in the U.S. in partnership with Altimeter Growth Corp. (Nasdaq: "AGC") in what is expected to be the largest-ever U.S. equity offering by a Southeast Asian company. Altimeter Growth and Grab will become fully-owned subsidiaries of a new holding company, which is expected to be valued at $39.6 billion on an initial proforma equity basis. The figures could . Home : Altimeter Growth I nvestment. Altimeter Growth Corp. It was the world's. Grab is referred to as a "Super App" because it has so many functions. Grab is unlike any company in the US or Europe. Apr 13, 2021. ; Shareholder redemptions were almost 0% . Definitions 5 Section 1.2. Ropes & Gray also advised Altimeter in connection with the $4 billion PIPE relating to the business combination, the largest PIPE ever raised. Altimeter's 15.1% stake in . Grab's scale in Southeast Asia. Here are four reasons why Altimeter Growth (AGC) could be the next number one short squeeze: Reason #1) Grab: Grab is the #1 Super App in Southeast Asia. The Schedule 13D indicates that the investor holds (or held) more than . This table shows the interest rate that must be paid by a short seller of US:GRAB to the lender of that security. Major shareholders can include individual investors, mutual funds, hedge funds, or institutions. Southeast Asia's biggest ride-hailing and food delivery firm Grab Holdings is in talks to go public through a merger with a U.S. special purpose . MENLO PARK, Calif., Nov. 30, 2021 /PRNewswire/ -- Altimeter Growth Corp. ("AGC" or "the company") (NASDAQ: AGC) today announced AGC shareholders approved the previously announced business combination with Grab, Southeast Asia's leading superapp, at an extraordinary meeting of shareholders today. Southeast Asia's largest ride-hailing company, Grab Holdings, said Tuesday that it plans to merge with U.S.-based Altimeter Growth Capital in a deal that would value it at nearly $40 billion and . Follow Our Sustainability Journey View Our 2021 ESG Report Grab's common stock is expected to begin trading on the Nasdaq on December 2, 2021 . April 13, 2021 1 minute read After more than a month of rumors, Grab Holdings today announced it intends to go public in the U.S. in partnership with Altimeter Growth in what is expected to be the largest-ever SPAC deal or U.S. equity offering by a Southeast Asian company. SINGAPORE AND MENLO PARK, CALIF. - December 1, 2021 (Eastern Time) - Grab Holdings Limited ("Grab"), Southeast Asia's leading superapp 1, today completed its previously announced business combination with Altimeter Growth Corp. (Nasdaq: AGC) ("Altimeter"), a special purpose acquisition company.The transaction raised gross proceeds of US$4.5 billion in the largest-ever U.S. public market debut . SINGAPORE - Super-app Grab will list in the United States on Thursday (Dec 2), after Altimeter Growth Corp's investors approved the merger between the two companies. Since its market debut in 2017, Sea Limited 's ( SE -0.24% ) stock price has spiked over 1,500%, making it one of the world's best-performing stocks over that time. That would make it the largest SPAC merger ever, more than double current record . Grab Holdings Inc. is in advanced talks to go public through Altimeter Capital's first blank-check company, in a deal that could value the Southeast Asian ride-hailing giant at about $40 billion . This table shows the interest rate that must be paid by a short seller of US:GRAB to the lender of that security. Grab was founded on the belief that a technology company in Southeast Asia could both run profitably and create sustainable social impact. Pursuant to the proposed transactions, Altimeter Growth and Grab will become wholly-owned subsidiaries of a new holding company. According to an April 2021 SEC filing made by Altimeter Growth, the blank-check company that would later merge with Grab, the value of transactions for the startup's ride-hailing services in 2020 . Altimeter Growth (NASDAQ: AGC), which is a SPAC in a deal to take Southeast Asia ride-hailing giant Grab ( GRAB ), public jumped 20% amid social media promotion. Altimeter Growth 1 raised $450 million in 2020 and its share price surged 25 percent, the source told FT -79.00 -1.47%. Announces Effectiveness of Registration Statement and Extraordinary General Meeting Date for Proposed Business Combination with Grab Read full article November 19, 2021, 12 . The business combination was approved by Altimeter stockholders in a special meeting held on November 30, 2021. It's been a rumor for a little while now and today we have it -- Brad Gerstner's Altimeter Growth is taking Grab public in a deal valued at $30.36B ($40B equity value). Singapore-based Grab also said in a statement that it was making progress on its record merger deal agreed with U.S. special-purpose acquisition company (SPAC) Altimeter Growth Corp (AGC.O . Grab's common stock began trading on Nasdaq on December 2, 2021 under the symbol "GRAB." Warrant KYG4124C1179 / Grab Holdings Ltd Grab Holdings Ltd., Southeast Asia's biggest ride-hailing and delivery company, fell sharply in its first day of trading after completing its merger with Altimeter Growth Corp., the largest deal . The Southeast Asian company as a . Monday, he highlighted one of the good ones, Altimeter Growth Corp , which will soon be merging with Grab, the dominant ride sharing platform in Singapore and Southeast Asia. Brad Gerstner's AGC announced . Altimeter is very committed to the SPAC deal According to the Grab Investor presentation dated April 2021 there will be a three-year lock-up on sponsor promote shares showing Altimeter's long term. SPAC Altimeter Growth (NASDAQ:AGC) rose 3% in after hours trading after holders approved the deal to take Southeast Asian ride-sharing company Grab public. Altimeter Growth shares have climbed to $15 from $13.95 before the deal was announced, suggesting stock market investors like the merger. MENLO PARK, Calif., Nov. 30, 2021 /PRNewswire/ -- Altimeter Growth Corp. ("AGC" or "the company") (NASDAQ: AGC) today announced AGC shareholders approved the previously announced business. Altimeter Growth Corp. The combined entity will trade . Shares opened the trading day at $13.06 apiece under ticker symbol "GRAB," following a deal with Altimeter Growth Corp. that valued the four-time CNBC Disruptor 50 company at nearly $40 billion . The Grab deal with Altimeter is on track to be the largest SPAC merger to date, per FT. . Altimeter Growth Corp. ("AGC" or "the company") (NASDAQ: AGC) today announced AGC shareholders approved the previously announced business combination with Grab, Southeast Asia's leading superapp . Altimeter Growth's stock (Nasdaq:AGC) was mixed on the Grab merger news Thursday. MENLO PARK, Calif., Nov. 30, 2021 /PRNewswire/ -- Altimeter Growth Corp. ("AGC" or "the company") (NASDAQ: AGC) today announced AGC shareholders approved the previously announced business . It's a big . Sources today claim that Grab will merge with Altimeter Growth 1. Before today, AGC stock had risen 50% over the past month as excitement built for the reverse merger with Grab . We are founders supporting founders and we believe competition around the IPO process offers companies important flexibility and choice. Announces Effectiveness of Registration Statement and Extraordinary General Meeting Date for Proposed Business Combination with Grab PRESS RELEASE PR Newswire Nov. 19, 2021 . New York, New York-- (Newsfile Corp. - May 16, 2022) - The Law Offices of Vincent Wong announce that a class action lawsuit has commenced in the on behalf of investors who purchased Grab Holdings Limited. We hold ourselves responsible to the environment and socio-economic development of this region, not just for today, but also for the future. Altimeter Growth Corp and Altimeter Growth Corp . It opened at $14.55, up by about 2%. In depth view into Altimeter Growth PE Ratio explanation, calculation, historical data and more Altimeter Growth Corp. (XNAS:GRAB) institutional ownership structure shows current positions in the company by institutions and funds, as well as latest changes in position size. SE. O pportunity. That said, there's massive investor interest in the ride-hailing company. Altimeter Growth Corp. 2, one of Gerstner's two blank-check companies, would provide Grab, the leading superapp in Southeast Asia, with $4.5 billion in cash proceeds in the merger transaction. AGCWW PE Ratio as of today (June 07, 2022) is N/A. This fee is shown as an annual percentage rate (APR). Grab and Altimeter Growth Corp. (Nasdaq: AGC) today also filed with the U.S. Securities and Exchange Commission ("SEC") a draft registration statement on Form F-4 (the "Registration . Grab's journey to becoming a U.S.-listed public company is going to be facilitated by a definitive business combination agreement between Grab and Altimeter Growth, a special purpose acquisition company (SPAC). Grab will combine with the fund Altimeter Growth Corp (NASDAQ: AGC) that raised $450 million last year. Its latest results show that it is on track to achieve our GMV (gross merchandise. Southeast Asia's biggest ride-hailing and food delivery firm Grab Holdings is in talks to go public through a merger with a U.S. special purpose . Grab has raised $12 billion to date and has a cash reserve of about $5 billion. Grab expects its total addressable market to grow from roughly $52 billion in 2020 to over $180 billion by 2025, so . JPY. Altimeter Growth Corp's shares have gained 25% since listing. Grab will combine with the fund Altimeter Growth Corp (NASDAQ: AGC) that raised $450 million last year. HONG KONG (AP) — Southeast Asia's largest ride-hailing company, Grab Holdings, said Tuesday that it plans to merge with U.S.-based Altimeter Growth Capital in a deal that would value it at nearly $40 billion and allow it to trade on the Nasdaq Stock Market. - December 1, 2021 (Eastern Time) - Grab Holdings Limited ("Grab"), Southeast Asia's leading superapp 1, today completed its previously announced business combination with Altimeter Growth Corp. (Nasdaq: AGC) ("Altimeter"), a special purpose acquisition company. It wasn't known which Altimeter SPAC vehicle Grab was in discussions with, . SPAC Altimeter Growth Corp. (NASDAQ:AGC) jumped 23%. Altimeter Growth Corp. Singapore-headquartered Grab announced on Tuesday it will go public through a merger with Altimeter Growth Corp. — a deal set to value the ride-hailing company at $39.6 billion. Adjusted EBITDA for Q2 2021 was $(214) million and Net Loss was $(815) million. Grab Holdings Ltd., Southeast Asia's biggest ride-hailing and delivery company, fell sharply in its first day of trading after completing its merger with Altimeter Growth Corp., the largest deal. Grab cofounders Anthony Tan and Tan Hooi Ling (no relation) will ring. Grab said in April it is set to have a market value of about $40 billion after the combination with Altimeter Growth Corp., the SPAC of Brad Gerstner's Altimeter Capital Management. The combined . Southeast Asia's largest ride-hailing company, Grab Holdings, said Tuesday that it plans to merge with U.S.-based Altimeter Growth Capital in a deal that would value it at nearly $40 billion and allow it to trade on the Nasdaq Stock Market. Altimeter manages a variety of venture and public funds and serves as an expert long-term partner to companies as they enter the public markets. Before today, AGC stock had risen 50% over the past month as excitement built for the reverse merger with Grab.. GRAB FINAL DEADLINE TOMORROW: ROSEN, NATIONAL TRIAL LAWYERS, Encourages Grab Holdings Limited f/k/a Altimeter Growth . Nov. 30, 2021, 04:05 PM. The deal, which values Grab at $40 billion, was approved by Altimeter's shareholders on Tuesday, Altimeter said in a statement. GRAB / Altimeter Growth Corp. Institution: BBIEX - Bridge Builder International Equity Fund: Latest Disclosed Ownership: 54,109 shares: Latest Disclosed Value: $ 189,381: Related: AGC / Altimeter Growth Corp. Class A AGCUU / Altimeter Growth Corp. Unit AGCWW / Altimeter Growth Corp. . The deal is. The business combination closed December 1, 2021 after Altimeter Growth Corp.'s investors approved the deal. But it plunged to as low as $12.80 later in the morning. Grab on Tuesday announced it will go public through a SPAC merger with Altimeter Growth Corp., in a deal that will value the ride-hailing company at $39.6 billion. Investors voted to approve the merger of ride-hailing provider Grab Holdings Inc. and Altimeter Growth Corp., completing one of the largest special purpose acquisition company . Singapore-based ride-hailing service Grab plans to go public in the U.S. through a merger with Altimeter Growth in the largest SPAC deal ever, the companies announced Tuesday.Valued near $39.6 . Grab will raise $2.5 billion in total financing, with nearly $1.2 billion coming from Altimeter in the deal that will give Grab a valuation near $35 billion, the report said. Warrant KYG4124C1179 / Grab Holdings Ltd Altimeter Growth currently has a high short . This company raised $250 million last year. Posters on StockTwits highlighted . Altimeter Growth Corp 2 (NYSE:AGCB) rose 12%. Grab's planned business combination with Altimeter Growth Corp. (Nasdaq: AGC), a special purpose acquisition company, continues to progress and is expected to close in the fourth quarter. Grab Holdings, the largest ride-hailing and food delivery firm in Southeast Asia, clinched a merger on Tuesday with special-purpose acquisition company Altimeter Growth Corp (AGC.O) securing a . Grab is referred to as a "Super App" because it has so many functions. SPAC Altimeter Growth Corp. (NASDAQ:AGC) rose 3.1% after it set a Nov. 30 date for holders to vote on its deal to take Southeast Asia ride-hailing giant Grab public. At Altimeter, our mission is to help visionary entrepreneurs build iconic companies, disrupt markets and improve lives through all stages of growth. 2021-04-13 sec.gov - Exhibit 2.1 Execution Copy BUSINESS COMBINATION AGREEMENT by and among Altimeter Growth Corp., J1 Holdings Inc., J2 Holdings Inc., J3 Holdings Inc., and Grab Holdings Inc. dated as of April 12, 2021 TABLE OF CONTENTS Page ARTICLE I CERTAIN DEFINITIONS 5 Section 1.1.