Feeling excited about this upcoming IPO. Grab is going for IPO in a SPAC deal with $Altimeter Growth Corp.(AGC)$.
For those who haven't heard of Grab before, it's a super app company which provides ride-hailing and food deliver services. They have since add on mobile payment and financial service to their armoury too.
Their main market is in the Southeast Asia region. In Singapore, it has become a part of our life during the pandemic especially the circuit breaker period when a lot of shops are closed and restricted outdoor activities such as going out to buy food. Grab is our to go app.
Few years back, Grab started off with their ride-hailing service app going head on with the giant Uber. Customers enjoyed the rivalry as both companies throw out all sort of marketing gimmicks and discounts to fight for market shares. In the end Uber is the one who moved out Singapore market and since then Grab took the stronghold and build on the victory with food delivery and other services.
One to watch out for in coming days. Do your own deligence on the company background, management and fundamentals.
Cheers and happy Thanksgiving Day![比心]
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