This is my calculation.

2021-12-02

I'm not bashing, and I'm just curious about the deal between AGC and GRAB.
Please tell me if I'm wrong.
This is my calculation.
$40B x 1.3% = $520M.
AGC mkt cap is about $720M.
So, AGC holders are paying 38% premium to buy GRAB.
It means one share of AGC will be exchanged to 0.7222 share of GRAB.
It also means AGC share holders make break even if GRAB pops up 38%.
Am I correct?
Please enlighten me if I'm wrong.
Thank you in advance.

$Altimeter Growth Corp.(AGC)$

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