Southeast Asia's Grab Superapp to Go Public, Set for $40 Billion USD Valuation

Southeast Asia's most popular ride-share and food delivery app Grab has declared its plans to go public on the Nasdaq Stock Market in a deal that values it at nearly $40 billion USD.The company announced its partnership with special purpose acquisition company Altimer Group on Tuesday, adding that it expected to raise over $4 billion USD from the transaction. The proposed deal hikes the company's valuation to $39.6 billion USD and is expected to be the largest-ever U.S. offering by a Southeast A...