Altimeter Growth's stock (Nasdaq:AGC) was mixed on the Grab merger news Thursday. Its latest results show that it is on track to achieve our GMV (gross merchandise value), adjusted net sales and sales targets for FY21. Warrant KYG4124C1179 / Grab Holdings Ltd: Grab's SPAC merger with Altimeter Growth will value it at a market cap of around $40 billion. 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. At Altimeter, our mission is to help visionary entrepreneurs build iconic companies, disrupt markets and improve lives through all stages of growth. Grab enables millions of people each day to access its driver- and merchant-partners to order food or groceries, send packages, hail a ride or taxi, pay for online purchases or access services . Elsewhere, crickets, with no new S-1s or IPOs -- it's more than just the SEC latest . This company raised $250 million last. 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. Pursuant to the proposed transactions, Altimeter Growth and Grab will become wholly-owned subsidiaries of a new holding company. 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. O pportunity. - 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. Altimeter Growth Corp. is a newly formed blank check company. Actually, Altimeter Growth is nothing but a shell company. ; Shareholder redemptions were almost 0% . The . Pursuant to the proposed transactions, Altimeter Growth and Grab will become wholly-owned subsidiaries of a new holding company. Buying Altimeter Growth (AGC) stock on merger rumors It still isn't certain whether AGC will merge with Grab. - 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. WHY: NEW YORK, NY - (NewMediaWire) - May 08, 2022 - Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Grab Holdings Limited f/k/a Altimeter Growth Corp. (NASDAQ: GRAB, GRABW) between November 12, 2021 and March 3, 2022, inclusive (the "Class Period"), of the important May 16, 2022 lead plaintiff deadline. But it plunged to as low as $12.80 later in the morning. SINGAPORE AND MENLO PARK, Calif., Nov. 19, 2021 /PRNewswire/ -- Altimeter Growth Corp. ("AGC" or the "Company") (NASDAQ: AGC), a publicly traded special purpose acquisition company, today announced that the U.S. Securities and Exchange Commission ("SEC") has declared effective the registration statement of Grab Holdings Limited ("GHL") on Form F-4 (as amended, the "Registration Statement . 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. 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 of 2021. Save. Lenders are funds or individuals that own the security that have indicated to the broker . Southeast Asia's largest ride-hailing company, Grab Holdings, said Tuesday, April 13, 2021 that it plans to merge with U.S.-based Altimeter Growth Capital in a deal that would value it at nearly . 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). On April 13, Grab announced that it intends to go public in the U.S. via a merger with Altimeter Growth Corp. (Nasdaq: "AGC"). Posters on StockTwits highlighted . 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. The deal is. 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. Grab is a high-growth company . Grab filed an initial registration statement on Form F-4 with the U.S. SEC on 2nd August, and amended registration statements on 13th September and . Sources today claim that Grab will merge with Altimeter Growth 1. Home : Altimeter Growth I nvestment. 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. Deal could include $2.5 billion to $3 billion PIPE fundraising. 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 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 . Grab offers a wide range of on-demand services in the region, including mobility, food, package and grocery delivery services, mobile payments, and financial services across 428 cities in eight countries. 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 shares have climbed to $15 from $13.95 before the deal was announced, suggesting stock market investors like the merger. Grab Holdings Inc. entered into a definitive business combination agreement to acquire Altimeter Growth Corp. (NasdaqCM:AGC) from Altimeter Capital Management, LP and others for $9.7 billion in a reverse merger transaction on April 12, 2021. Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Grab Holdings Limited f/k/a Altimeter Growth Corp. (NASDAQ: GRAB, GRABW) between November 12, 2021 and . This is why its SPAC partner, Altimeter Growth, is down nearly 10% this morning. Altimeter Growth Corp. is a newly formed blank check company. Grab is the ASEAN tech giant that will be injected into Altimeter Growth Corp in a SPAC deal announced in 2Q21. We are founders supporting founders and we believe competition around the IPO process offers companies important flexibility and choice. Grab Holdings Limited, formerly known as Altimeter Growth Corp., is based in MENLO PARK, Calif. " 5/3/2022 - Grab had its price target lowered by analysts at Citigroup Inc. from $8.20 to $5.80. 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). 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. The business combination was approved by Altimeter stockholders in a special meeting held on November 30, 2021. Altimeter Growth 1 raised $450 million in 2020 and its share price surged 25 percent, the source told FT Grab Holdings Inc, the parent company of meal order and food delivery app Grab prepares to go public via a merger with blank-cheque company Altimeter Growth Corp, a special purpose acquisition company, (SPAC) listed on Nasdaq. Grab will combine with the fund Altimeter Growth Corp (NASDAQ: AGC) that raised $450 million last year. Altimeter Growth will issue 695.8 million shares to be issued to the existing shareholders of Grab . 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 Grab set the record for the largest SPAC merger agreement at ~$40B equity value. Grab has raised $12 billion to date and has a cash reserve of about $5 billion. The SPAC by Altimeter Capital Management to merge with Asia's largest meal ordering and delivery app Photo as seen on Flickr by Dennis Sylvester Hurd. Altimeter is basically a $500 million pot of. This is based on the original $10 share price of Altimeter stock, which it is trading near today. Altimeter Growth Corp's shares have gained 25% since listing. Altimeter Growth has two SPAC units for merging with private companies to take them public. Grab is in advanced talks with Altimeter Growth Corp for a very probable merger. Grab is going to IPO via Altimeter Growth Corp (a SPAC) Valuation will be US$39.6 billion Plan to raise around US$4.5 billion, with $750 million already raised by the SPAC, and another $4.0 billion to be raised via a PIPE (private placement) Sponsor shares (held by Altimeter) will be locked up for 3 years Why are SPACs good? Apr 13, 2021. It opened at $14.55, up by about 2%. O pportunity. 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. * 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 . Adjusted EBITDA for Q2 2021 was $(214) million and Net Loss was $(815) million. Our sponsor is an affiliate of Altimeter Capital Management, a technology-focused investment firm based in Menlo Park, CA and Boston, MA, with approximately $6 billion of assets under management as of August 31, 2020. For example, shares of Altimeter Growth Corp have receded 16% since April 13, when it announced it would combine with ride-hailing and food delivery firm Grab Holdings in a deal worth almost $40 billion. Grab's journey to becoming a U.S.-listed public company will be facilitated by a definitive business combination agreement between Grab and Altimeter Growth, a special purpose acquisition company. It was the world's. Grab Holdings Limited, formerly known as Altimeter Growth Corp., is based in MENLO PARK, Calif. " 5/3/2022 - Grab had its price target lowered by analysts at Citigroup Inc. from $8.20 to $5.80. Our sponsor is an affiliate of Altimeter Capital Management, a technology-focused investment firm based in Menlo Park, CA and Boston, MA, with approximately $6 billion of assets under management as of August 31, 2020. Altimeter Growth Corp and Altimeter Growth Corp . Squawk Box. Our commitment. At Altimeter, our mission is to help visionary entrepreneurs build iconic companies, disrupt markets and improve lives through all stages of growth. Grab was founded on the belief that a technology company in Southeast Asia could both run profitably and create sustainable social impact. Altimeter Growth Corp., the blank-check company merging with internet giant Grab Holdings Inc., is hovering just a few cents above its record low after cratering 28% since the deal was unveiled in . 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. Southeast Asia ride-hailing giant may be valued at $40 billion. GRAB / Altimeter Growth Corp. short borrow fee rates are shown in the following table. Altimeter's mission is to help visionary entrepreneurs build iconic companies, disrupt markets and improve lives through all stages of growth. Grab cofounders Anthony Tan and Tan Hooi Ling (no relation) will ring. A quick recap: Singapore-based Grab is poised to have a market value of around $39.6 billion after it combines with a SPAC called Altimeter Growth. That said, there's massive investor interest in the ride-hailing company. 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. Before today, AGC stock had risen 50% over the past month as excitement built for the reverse merger with Grab.. P artnership. Total revenue was $180 million, up 132% year-over-year ("YoY"). Its stock remains up 6% since it first traded on Dec. 1, compared with a 13% gain in the S&P 500. SINGAPORE, April 13 (Reuters) - Grab Holdings, the largest ride-hailing and food delivery firm in Southeast Asia, clinched a merger on Tuesday with special-purpose acquisition company Altimeter. On December 1, 2021, Grab became a public entity via a business combination with Altimeter Growth Corp., a special purpose acquisition company (also known as a "SPAC" or blank-check company). GRAB / Altimeter Growth Corp. Institution: CIBC Asset Management Inc: Latest Disclosed Ownership: 113,677 shares: Latest Disclosed Value: $ 398,000: Related: AGC / Altimeter Growth Corp. Class A AGCUU / Altimeter Growth Corp. Unit AGCWW / Altimeter Growth Corp. Nov. 30, 2021, 04:05 PM. The Schedule 13D indicates that the investor holds (or held) more than . Acknowledging a growing market As Altimeter takes Grab public through a SPAC business combination (note that the ticker will someday change from AGC to GRAB), Altimeter founder and CEO Brad. By . SPAC stands for "special purpose acquisition company," but they are often better known as "blank-check companies." With a SPAC, investors plug in . Grab said in a statement it was planning to go public in the United States in partnership . Altimeter Growth currently has a high short . 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. This company raised $250 million last year. 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 . GRAB / Altimeter Growth Corp. Institution: CIBC Asset Management Inc: Latest Disclosed Ownership: 113,677 shares: Latest Disclosed Value: $ 398,000: Related: AGC / Altimeter Growth Corp. Class A AGCUU / Altimeter Growth Corp. Unit AGCWW / Altimeter Growth Corp. Grab's common stock is expected to begin trading on the Nasdaq on December 2, 2021 . Warrant KYG4124C1179 / Grab Holdings Ltd: Altimeter Growth Corp's shares have gained 25% since listing. Major shareholders can include individual investors, mutual funds, hedge funds, or institutions. Altimeter Growth is a special purpose acquisition company (SPAC) that will eventually merge with a company called Grab to take that company public. Altimeter Growth 2's . Contact Information 11, 2021 1:35 PM ET Grab Holdings Limited (GRAB) , AGCB , SFTBY SFTBY , GRAB , AGCB By: Joshua Fineman , SA . Grab in Advanced Talks to Merge With Altimeter's First SPAC. 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 . This fee is shown as an annual percentage rate (APR). We are founders supporting founders and we believe competition around the IPO process offers companies important flexibility and choice. 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. SPAC Altimeter Growth surges on speculation of deal for ride-sharing company Grab Mar. This probability stems from Grab's obligation to Uber to go public before 2023. . Grab's scale in Southeast Asia. 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. Altimeter's 15.1% stake in . 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. The deal, which values Grab at $40 billion, was approved by Altimeter's shareholders on Tuesday, Altimeter said in a statement. The combined entity will trade . Sources today claim that Grab will merge with Altimeter Growth 1. 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 . The Grab deal with Altimeter is on track to be the largest SPAC merger to date, per FT. . The main focus today will be on Singapore ride-hailing service Grab, which Altimeter will help to go public through a special purpose . It's a big . 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 . 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 table shows the interest rate that must be paid by a short seller of US:GRAB to the lender of that security. In addition to our experience as crossover . MENLO PARK, Calif., Nov. 30, 2021 /PRNewswire/ -- Altimeter Growth Corp. ("AGC" or "the company") (NASDAQ: AGC) today announced AGC shareholders approved the previously . Altimeter Growth Corp., the blank-check company merging with internet giant Grab Holdings Inc., is hovering just a few cents above its record low after cratering 28% since the deal was unveiled in . 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. Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Grab Holdings Limited f/k/a Altimeter Growth Corp. (NASDAQ: GRAB, GRABW) between November 12, 2021 and . Grab is unlike any company in the US or Europe. Grab will combine with the fund Altimeter Growth Corp (NASDAQ: AGC) that raised $450 million last year. Of Grab or institutions and improve lives through all stages of Growth of a new holding company stock Market Pittsburgh... 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