Flash Report /
Global

Grab's SPAC deal delayed to Q4, but its prospects are still rising

  • Grab and Altimeter have announced a delay in completing the SPAC merger to the fourth quarter from July previously

  • Delay due to the audit of the last three years taking longer than anticipated. This does not alter our positive view

  • Operationally, Grab is doing even better than expected. We raise our target price to US$16 implying 39% upside

Grab's SPAC deal delayed to Q4, but its prospects are still rising
Nirgunan Tiruchelvam
Nirgunan Tiruchelvam

Head of Consumers Equity Research

Tellimer Research
10 June 2021
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