Equity Analysis /
Global

Altimeter: The SPAC opportunity to Grab

  • The Altimeter Growth Corp (AGC US) SPAC will bring ASEAN digital economy giant Grab to market by July 2021

  • It will be the world's largest SPAC deal, and Grab has the potential to become ASEAN's super app

  • Our DCF valuation of Grab indicates a target price of US$15, suggesting 27% upside. We initiate coverage with a Buy

Nirgunan Tiruchelvam
Nirgunan Tiruchelvam

Head of Consumers Equity Research

Tellimer Research
1 June 2021
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