Why Grab Shares Tumble in Trading Debut After SPAC Deal

MillionaireTiger
2021-12-03

Hey Tigers!

Grab attract a lot of attention and interest in the market!

Grab, a Singapore-based “super app,” started out as a ride-hailing platform in 2012, but branched into everything from food delivery to digital payments and investments. The “super app” of Southeast Asia — also known as the Uber of Southeast Asia — was valued at a whopping $40 billion in pre-market.

However,$Grab Holdings(GRAB)$ opened 19% higher, then reversed course.

Brad Gerstner, Altimeter’s CEO, said Grab has become a“powerful flywheel combining ride-hailing, delivery and payments [that has] demonstrated durable growth even during the pandemic and is playing a foundational role in the digitization of Southeast Asia.”

Grab hasn’t turned a profit yet, but its SPAC deal also involved a $4.5 billion private investment in public equity. However, by midday today GRAB shares crumbled 20%, erasing a fifth of its value post-merger.

Anthony Tan, Grab Holdings’ Co-Founder and CEO, shared:“Regardless of the stock price, our focus is on the super app [business model] and that is resilient in spite of COVID.”

Why did GRAB's stock price plummet after its listing?

Tell us what you think about it! Leave your analysis!

You may be rewarded with Tiger Coins💸💸💸

Don't forget I am the richest tiger in this community😎😎

免责声明：上述内容仅代表发帖人个人观点，不构成本平台的任何投资建议。

举报

评论（172）

  • 推荐
  • 最新
  • Doge2theMoon
    ·2021-12-05
    Might just be bad timing. Stocks are under pressure. Next, there is less recognition of the company in US. Maybe Grab should have listed on HKSE. Or 😱 SG? SG is a bad idea. 😅
    回复
    举报
  • MysticRain
    ·2021-12-04
    The super app and the presence in SG makes GRAB the best. SG stands first in the race of vaccination which ascertain that our investments are safe and will be growing steadily. Go ... GRAB it Now!!!!!
    回复
    举报
  • KYHBKO
    ·2021-12-03
    omnicron and Fed tapering could be affecting the market. let us not forget that $Grab Holdings(GRAB)$ is not making money as yet too.
    回复
    举报
  • Joker_Smile
    ·2021-12-03
    seems like many investor are not as optimistic as Grab. Like certain Chinese stocks, many traders like to short Grab. Grab needs better PR and better board to bring them further.
    回复
    举报
  • llynnnie
    ·2021-12-03
    1. Grab is not profitable so far.
    2. Didi as shareholder will delist from nyse
    3. High expection
    I will keep watching on this SG ‘s super app [Miser]
    回复
    举报
  • T2021B
    ·2021-12-05
    Not enough PR in the US
    回复
    举报
  • anniepj
    ·2021-12-04
    agree. the time is just  not right
    回复
    举报
  • EmilyMark
    ·2021-12-03
    In fact, SG market is small...
    回复
    举报
  • CynthiaVogt
    ·2021-12-03
    bad timing to list
    回复
    举报