Altimeter / Grab 2021
Altimeter Growth Corp acquired Grab on December 1, 2021.
- Target
- Grab
- Acquirer
- Altimeter Growth Corp
- Announced
- December 1, 2021
- Sub-sector
- Neobank
Transaction overview
- Altimeter Growth Corp announced the acquisition of Grab on December 1, 2021.
- The deal is expected to close pending customary conditions.
Strategic rationale
SPAC combination enabling Grab to go public on Nasdaq as a fintech and mobility platform.
Deal terms & multiples
Frequently asked questions
When did Altimeter Growth Corp announce the acquisition of Grab?
Altimeter Growth Corp announced the acquisition of Grab on December 1, 2021.
What sub-sector is Grab in?
Grab is tracked in the Neobank sub-sector.
Sources
- forbes.com /sites/jonathanburgos/2021/12/01/grab-starts-trading-tomorrow-on-nasdaq-as-altimeter-shareholders-approve-spac-deal/