Deep Dive: Grab’s rollercoaster of an IPO

Startup Snapshot

Grab, one of the region’s most valuable tech companies, made its Nasdaq debut last month after a record US$40 billion merger with Altimeter, a New York-listed blank-check company.

However, the super app’s first few weeks of public life haven’t been the easiest, with its shares ending at US$7.12 apiece last week – a roughly 45.5% discount to their opening price in December.

In this episode of Deep Dive, Tech in Asia’s Terence Lee, Aditya Hadi Pratama, and Simon Huang discuss Grab’s ride to the public market, its financial performance over the past year, and its prospects for the future.

Featured reporters:

• Terence Lee, editor-in-chief at Tech in Asia
• Aditya Hadi Pratama, a Tech in Asia journalist based in Jakarta, Indonesia
• Simon Huang, Tech in Asia’s industry analyst based in Singapore

Essential reading:

• Grab’s financial health in 8 charts
• Grab shares dip over 20% on Nasdaq debut despite strong opening
• Grab shares may drop further as more stocks flood the market
• Examining Grab’s incentive-fueled growth