Flash Report /
Global

Altimeter, the Grab SPAC, was up 27% on Tuesday but there is more upside

  • The stock rose on unconfirmed reports of a favourable vote in the deSPAC and a meme following. Volumes were 10x average

  • The surge could also be tied to its heavily shorted nature

  • We reiterate the fundamental case for AGC US with 6% upside to our TP. Grab could emerge as the Super App of ASEAN

Altimeter, the Grab SPAC, was up 27% on Tuesday but there is more upside
Nirgunan Tiruchelvam
Nirgunan Tiruchelvam

Head of Consumers Equity Research

Tellimer Research
10 November 2021
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