After Grab’s US listing, will SPACs take off in Hong Kong and Singapore?

Last December, ride-hailing and delivery giant Grab made history with its back door listing on the Nasdaq stock exchange. It was the biggest US listing by a Southeast Asian firm and also the world’s largest special purpose acquisition company (SPAC) deal, valued at US$40 billion.That evening, more than 200 investors, drivers and other employees gathered in a hotel ballroom in central Singapore to cheer the milestone as Grab expanded its global footprint.The landmark listing came after Grab’s…

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