Grab announced April 13 that it would merge with a special purpose acquisition company (SPAC) backed by Altimeter Capital in a deal that would pave the way for a New York listing and value Grab at about $39.6 billion.
Mandatory Credit: Goh Chai Hin/AFP/Getty Images
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Grab is going public in $40 billion SPAC deal, the biggest on record
Southeast Asia's ride-hailing giant Grab is setting the stage for an eye-popping Wall Street debut.
