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Grab stock rallied 7% in premarket trading

Tiger Newspress2021-12-03

Grab stock rallied 7% in premarket trading after plunging 20% on first day of trading.

After completing the richest deal yet for a special-purpose acquisition company,Grab Holdings Ltd. shares experienced an initial pop Thursday, their first day of trading in the U.S., but then slumped to a decline of more than 20%.

The Singapore-based company makes a "superapp" offering ride-hailing, delivery and financial services in more than 400 cities in Southeast Asia. Grab's chief financial officer, Peter Oey, said in an interview on Thursday that the company had its "roughest patch" in the third quarter ended Sept. 30 because of COVID-19-related shutdowns in Southeast Asia, especially Vietnam. But he pointed to continued expected growth and recovery, even as the company watches what happens with the new coronavirus variant, omicron.

Backers of Grab, which was founded in 2012, include Didi Global Inc, Toyota Motor Corp. and SoftBank Group Corp.'s Vision Fund.

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评论14

  • Jjireh
    ·2021-12-04
    Just look at rivn no revenue only fwd looking statements shud be a $5 stick but its worth $100.. mkt need to bleeding more 
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  • 手可摘棉花
    ·2021-12-03
    Wrong timing to list? Market is plagued with so much noise, from tapering to Omicron…
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  • CCCH
    ·2021-12-03
    Can consider if it drop to $8
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  • BangkokBali
    ·2021-12-03
    Temasek buying? Don't lose face!
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    • CCCH
      yes , like
      2021-12-03
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  • adriandino
    ·2021-12-03
    Up?
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  • MrTig3r
    ·2021-12-03
    power
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  • koolgal
    ·2021-12-03
    Bargain hunters are in action to pick up more shares of Grab!  Should be interesting to monitor the move today. 🤔
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    • koolgal
      I think so too.
      2021-12-04
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    • koolgal
      That's wise
      2021-12-04
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    • koolgal
      Yes!
      2021-12-04
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    查看更多 2 条评论
  • wanyan
    ·2021-12-03
    I won't invest in a company that can't make profits
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  • Chengstacy
    ·2021-12-03
    Have to wait 
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  • Cub88
    ·2021-12-03
    Up up and away! 
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  • MingJin
    ·2021-12-03
    Useful
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  • Sinned
    ·2021-12-03
    Like
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  • Cosmograph
    ·2021-12-03
    is it even worth $5? thats the real question
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    • Sinned
      Yes
      2021-12-03
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  • LoneSurvivor
    ·2021-12-03
    Beware of the dead cat bounce my friends, this stock is probably only worth $5 per share
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    • LoneSurvivor
      Haha sonnnnn welcome back
      2021-12-15
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    • Salibee
      boy oh boyyy someones been real active right here
      2021-12-15
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    • 手可摘棉花
      $5 will be good pricepoint
      2021-12-03
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