Grab CEO Confident SPAC Deal to Close by Year-End After Delay

Bloomberg2021-06-14

Company postponed its public debut because of financial audit CEO Tan doesn’t rule out secondary stock listing in Singapore Grab Holdings Inc. Chief Executive Officer Anthony Tan said he’s confident ...

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Comment（33）

handsomeMa
·2021-07-02
can scoop more before q4 then
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luckyclover
·2021-06-21
Soon
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potatocat
·2021-06-18
I hope it happens lol
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junhong9788
·2021-06-16
Nice hearing this
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1
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Sheeeeep
·2021-06-16
Good article. Very informative to ppl
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2
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Brianytk
·2021-06-15
Just make sure it happen ;)
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2
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NCM
·2021-06-14
OK
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2
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Acff
·2021-06-14
B
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2
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Jianhao112
·2021-06-14
What is the symbol for altimeter growth in this deal? AGC AGCUU AGCB?
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- Tongdadd:
  AGC
  2021-06-14
  Reply
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Wapapapow
·2021-06-14
Ya
Reply
1
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Fold Replies
- Wapapapow:
  ok
  2021-06-14
  Reply
  Report
TanHL
·2021-06-14
Monitor closely
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1
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- koreanbbq:
  Ok
  2021-06-14
  Reply
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TNewbie
·2021-06-14
Not sure if its a good investment tho
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1
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Deonc
·2021-06-14
Alright, what your plan?
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2
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- Deonc:
  cool [爱你]
  2021-06-14
  Reply
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- koreanbbq:
  Buy more
  2021-06-14
  Reply
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- sunnylimbs:
  goodgood
  2021-06-14
  Reply
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VSkemama
·2021-06-14
Please like and comment
Reply
3
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- NCM:
  ok
  2021-06-14
  Reply
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mantaru
·2021-06-14
Shld we be getting the altimeter shares now?
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2
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nananan
·2021-06-14
Why is it compared to uber?Should be compared to tencent/alibaba.
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- nananan:
  simple, because it is not just a uber. It does banking, food delivery, parcel delivery...etc
  2021-06-23
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- Yao84:
  Why compare to baba and tencent and not uber?
  2021-06-16
  Reply
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PengsieX
·2021-06-14
Will you GRAB these shares?
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1
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Kiranaar
·2021-06-14
Looking forward to this one...
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1
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- iceage:
  great
  2021-06-14
  Reply
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iceage
·2021-06-14
Like and share
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1
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justinjuice
·2021-06-14
Why go through spac and not list directly?
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When announcing thepactin April, Grab said in an&nbsp;investor presentation&nbsp;its completion target was July.</p>\n<p>“We decided to be proactive,” Tan said in an interview with Bloomberg Television. “We wanted to set the bar in transparent financial reporting. It may have taken a little longer than we expected.”</p>\n<p>Grab, which operates across Southeast Asia, is the latest company to be affected by intensifying scrutiny from U.S. financial regulators on deals involving SPACs. After a frenzy of listings, the SPAC market has been hit by a crackdown by the&nbsp;U.S. Securities and Exchange Commission&nbsp;as well as lawsuits from shareholders, falling stock prices and delays in planned listings.</p>\n<p>The SEC’s scrutiny on how accounting rules apply to a key element of blank-check companies has prompted restatement filings. The regulator has said that SPACs may need to account for warrants -- securities issued to early investors -- as liabilities, rather than as equity.</p>\n<p>Tan, 39, declined to comment when asked if he expects any major restatements by Grab following the financial audit.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/01bb3ebf179485a3d6dd7360f84e98f2\" tg-width=\"2000\" tg-height=\"1334\"><span>Anthony TanPhotographer: Akio Kon/Bloomberg</span></p>\n<p>He didn’t rule out a secondary listing in Grab’s home market of Singapore, saying the company considers all options. But he said Grab is “laser-focused” on the Nasdaq listing via the Altimeter merger that values the combination at about $40 billion.</p>\n<p>The CEO said Grab considered a traditional initial public offering, but opted for a deal with Brad Gerstner’s Altimeter after seeing the commitment by the SPAC partner. 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGrab CEO Confident SPAC Deal to Close by Year-End After Delay\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-14 07:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-13/grab-ceo-confident-spac-deal-to-close-by-year-end-after-delay?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Company postponed its public debut because of financial audit\nCEO Tan doesn’t rule out secondary stock listing in Singapore\n\nGrab Holdings Inc. Chief Executive Officer Anthony Tan said he’s confident ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-13/grab-ceo-confident-spac-deal-to-close-by-year-end-after-delay?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-06-13/grab-ceo-confident-spac-deal-to-close-by-year-end-after-delay?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128243947","content_text":"Company postponed its public debut because of financial audit\nCEO Tan doesn’t rule out secondary stock listing in Singapore\n\nGrab Holdings Inc. Chief Executive Officer Anthony Tan said he’s confident the merger of the ride-hailing and food-delivery giant and a U.S. blank-check company will be completed by year-end, following a delay caused by a review of its financials.\nThe Singapore-based startup last week postponed the expected completion of the deal with Altimeter Growth Corp.-- set to be one of the largest-ever mergers with a special purpose acquisition company -- to the fourth quarter as it works on an audit of the past three years. When announcing thepactin April, Grab said in an investor presentation its completion target was July.\n“We decided to be proactive,” Tan said in an interview with Bloomberg Television. “We wanted to set the bar in transparent financial reporting. It may have taken a little longer than we expected.”\nGrab, which operates across Southeast Asia, is the latest company to be affected by intensifying scrutiny from U.S. financial regulators on deals involving SPACs. After a frenzy of listings, the SPAC market has been hit by a crackdown by the U.S. Securities and Exchange Commission as well as lawsuits from shareholders, falling stock prices and delays in planned listings.\nThe SEC’s scrutiny on how accounting rules apply to a key element of blank-check companies has prompted restatement filings. The regulator has said that SPACs may need to account for warrants -- securities issued to early investors -- as liabilities, rather than as equity.\nTan, 39, declined to comment when asked if he expects any major restatements by Grab following the financial audit.\nAnthony TanPhotographer: Akio Kon/Bloomberg\nHe didn’t rule out a secondary listing in Grab’s home market of Singapore, saying the company considers all options. But he said Grab is “laser-focused” on the Nasdaq listing via the Altimeter merger that values the combination at about $40 billion.\nThe CEO said Grab considered a traditional initial public offering, but opted for a deal with Brad Gerstner’s Altimeter after seeing the commitment by the SPAC partner. Altimeter has committed to a three-year lock-up period.\n“They put their money where their mouth is,” he said.\nSome analysts have questioned Grab’s targeted valuation. Matthew Kanterman, an analyst with Bloomberg Intelligence,calculatesthat Grab’s enterprise value-to-sales ratio is more than double those of ride-sharing peers Uber Technologies Inc. and Lyft Inc., “giving it scant wiggle room for missteps.”\nWhen asked if the $40 billion valuation may be too stretched, Tan declined to give a direct answer.\n“We are just excited about the region,” a large market for digital services, he said. “We are excited that Grab is an early one to represent Southeast Asia on a global stage.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":167292805,"gmtCreate":1624268989007,"gmtModify":1703832016643,"author":{"id":"3563450836162455","authorId":"3563450836162455","authorIdStr":"3563450836162455","name":"luckyclover","avatar":"https://static.tigerbbs.com/c015148a0d82dac5212cb18d951b8b0f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3563450836162455"},"htmlText":"Soon","listText":"Soon","text":"Soon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167292805","repostId":1128243947,"repostType":2,"repost":{"id":"1128243947","pubTimestamp":1623625934,"share":"https://ttm.financial/m/news/1128243947?lang=&edition=fundamental","pubTime":"2021-06-14 07:12","market":"us","language":"en","title":"Grab CEO Confident SPAC Deal to Close by Year-End After Delay","url":"https://stock-news.laohu8.com/highlight/detail?id=1128243947","media":"Bloomberg","summary":"Company postponed its public debut because of financial audit\nCEO Tan doesn’t rule out secondary sto","content":"<ul>\n <li>Company postponed its public debut because of financial audit</li>\n <li>CEO Tan doesn’t rule out secondary stock listing in Singapore</li>\n</ul>\n<p>Grab Holdings Inc.&nbsp;Chief Executive Officer Anthony Tan said he’s confident the merger of the ride-hailing and food-delivery giant and a U.S. blank-check company will be completed by year-end, following a delay caused by a review of its financials.</p>\n<p>The Singapore-based startup last week&nbsp;postponed&nbsp;the expected completion of the deal with&nbsp;Altimeter Growth Corp.-- set to be one of the largest-ever mergers with a special purpose acquisition company -- to the fourth quarter as it works on an audit of the past three years. When announcing thepactin April, Grab said in an&nbsp;investor presentation&nbsp;its completion target was July.</p>\n<p>“We decided to be proactive,” Tan said in an interview with Bloomberg Television. “We wanted to set the bar in transparent financial reporting. It may have taken a little longer than we expected.”</p>\n<p>Grab, which operates across Southeast Asia, is the latest company to be affected by intensifying scrutiny from U.S. financial regulators on deals involving SPACs. After a frenzy of listings, the SPAC market has been hit by a crackdown by the&nbsp;U.S. Securities and Exchange Commission&nbsp;as well as lawsuits from shareholders, falling stock prices and delays in planned listings.</p>\n<p>The SEC’s scrutiny on how accounting rules apply to a key element of blank-check companies has prompted restatement filings. The regulator has said that SPACs may need to account for warrants -- securities issued to early investors -- as liabilities, rather than as equity.</p>\n<p>Tan, 39, declined to comment when asked if he expects any major restatements by Grab following the financial audit.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/01bb3ebf179485a3d6dd7360f84e98f2\" tg-width=\"2000\" tg-height=\"1334\"><span>Anthony TanPhotographer: Akio Kon/Bloomberg</span></p>\n<p>He didn’t rule out a secondary listing in Grab’s home market of Singapore, saying the company considers all options. But he said Grab is “laser-focused” on the Nasdaq listing via the Altimeter merger that values the combination at about $40 billion.</p>\n<p>The CEO said Grab considered a traditional initial public offering, but opted for a deal with Brad Gerstner’s Altimeter after seeing the commitment by the SPAC partner. Altimeter has committed to a three-year lock-up period.</p>\n<p>“They put their money where their mouth is,” he said.</p>\n<p>Some analysts have questioned Grab’s targeted valuation. Matthew Kanterman, an analyst with Bloomberg Intelligence,calculatesthat Grab’s enterprise value-to-sales ratio is more than double those of ride-sharing peers Uber Technologies Inc. and Lyft Inc., “giving it scant wiggle room for missteps.”</p>\n<p>When asked if the $40 billion valuation may be too stretched, Tan declined to give a direct answer.</p>\n<p>“We are just excited about the region,” a large market for digital services, he said. “We are excited that Grab is an early one to represent Southeast Asia on a global stage.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Grab CEO Confident SPAC Deal to Close by Year-End After Delay</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGrab CEO Confident SPAC Deal to Close by Year-End After Delay\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-14 07:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-13/grab-ceo-confident-spac-deal-to-close-by-year-end-after-delay?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Company postponed its public debut because of financial audit\nCEO Tan doesn’t rule out secondary stock listing in Singapore\n\nGrab Holdings Inc. Chief Executive Officer Anthony Tan said he’s confident ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-13/grab-ceo-confident-spac-deal-to-close-by-year-end-after-delay?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-06-13/grab-ceo-confident-spac-deal-to-close-by-year-end-after-delay?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128243947","content_text":"Company postponed its public debut because of financial audit\nCEO Tan doesn’t rule out secondary stock listing in Singapore\n\nGrab Holdings Inc. Chief Executive Officer Anthony Tan said he’s confident the merger of the ride-hailing and food-delivery giant and a U.S. blank-check company will be completed by year-end, following a delay caused by a review of its financials.\nThe Singapore-based startup last week postponed the expected completion of the deal with Altimeter Growth Corp.-- set to be one of the largest-ever mergers with a special purpose acquisition company -- to the fourth quarter as it works on an audit of the past three years. When announcing thepactin April, Grab said in an investor presentation its completion target was July.\n“We decided to be proactive,” Tan said in an interview with Bloomberg Television. “We wanted to set the bar in transparent financial reporting. It may have taken a little longer than we expected.”\nGrab, which operates across Southeast Asia, is the latest company to be affected by intensifying scrutiny from U.S. financial regulators on deals involving SPACs. After a frenzy of listings, the SPAC market has been hit by a crackdown by the U.S. Securities and Exchange Commission as well as lawsuits from shareholders, falling stock prices and delays in planned listings.\nThe SEC’s scrutiny on how accounting rules apply to a key element of blank-check companies has prompted restatement filings. The regulator has said that SPACs may need to account for warrants -- securities issued to early investors -- as liabilities, rather than as equity.\nTan, 39, declined to comment when asked if he expects any major restatements by Grab following the financial audit.\nAnthony TanPhotographer: Akio Kon/Bloomberg\nHe didn’t rule out a secondary listing in Grab’s home market of Singapore, saying the company considers all options. But he said Grab is “laser-focused” on the Nasdaq listing via the Altimeter merger that values the combination at about $40 billion.\nThe CEO said Grab considered a traditional initial public offering, but opted for a deal with Brad Gerstner’s Altimeter after seeing the commitment by the SPAC partner. Altimeter has committed to a three-year lock-up period.\n“They put their money where their mouth is,” he said.\nSome analysts have questioned Grab’s targeted valuation. Matthew Kanterman, an analyst with Bloomberg Intelligence,calculatesthat Grab’s enterprise value-to-sales ratio is more than double those of ride-sharing peers Uber Technologies Inc. and Lyft Inc., “giving it scant wiggle room for missteps.”\nWhen asked if the $40 billion valuation may be too stretched, Tan declined to give a direct answer.\n“We are just excited about the region,” a large market for digital services, he said. “We are excited that Grab is an early one to represent Southeast Asia on a global stage.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":168705178,"gmtCreate":1623982750394,"gmtModify":1703825480114,"author":{"id":"3579395122410207","authorId":"3579395122410207","authorIdStr":"3579395122410207","name":"potatocat","avatar":"https://static.tigerbbs.com/a0f1775d64a6cadcfc62032a15476777","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3579395122410207"},"htmlText":"I hope it happens lol","listText":"I hope it happens lol","text":"I hope it happens lol","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/168705178","repostId":1128243947,"repostType":2,"repost":{"id":"1128243947","pubTimestamp":1623625934,"share":"https://ttm.financial/m/news/1128243947?lang=&edition=fundamental","pubTime":"2021-06-14 07:12","market":"us","language":"en","title":"Grab CEO Confident SPAC Deal to Close by Year-End After Delay","url":"https://stock-news.laohu8.com/highlight/detail?id=1128243947","media":"Bloomberg","summary":"Company postponed its public debut because of financial audit\nCEO Tan doesn’t rule out secondary sto","content":"<ul>\n <li>Company postponed its public debut because of financial audit</li>\n <li>CEO Tan doesn’t rule out secondary stock listing in Singapore</li>\n</ul>\n<p>Grab Holdings Inc.&nbsp;Chief Executive Officer Anthony Tan said he’s confident the merger of the ride-hailing and food-delivery giant and a U.S. blank-check company will be completed by year-end, following a delay caused by a review of its financials.</p>\n<p>The Singapore-based startup last week&nbsp;postponed&nbsp;the expected completion of the deal with&nbsp;Altimeter Growth Corp.-- set to be one of the largest-ever mergers with a special purpose acquisition company -- to the fourth quarter as it works on an audit of the past three years. When announcing thepactin April, Grab said in an&nbsp;investor presentation&nbsp;its completion target was July.</p>\n<p>“We decided to be proactive,” Tan said in an interview with Bloomberg Television. “We wanted to set the bar in transparent financial reporting. It may have taken a little longer than we expected.”</p>\n<p>Grab, which operates across Southeast Asia, is the latest company to be affected by intensifying scrutiny from U.S. financial regulators on deals involving SPACs. After a frenzy of listings, the SPAC market has been hit by a crackdown by the&nbsp;U.S. Securities and Exchange Commission&nbsp;as well as lawsuits from shareholders, falling stock prices and delays in planned listings.</p>\n<p>The SEC’s scrutiny on how accounting rules apply to a key element of blank-check companies has prompted restatement filings. The regulator has said that SPACs may need to account for warrants -- securities issued to early investors -- as liabilities, rather than as equity.</p>\n<p>Tan, 39, declined to comment when asked if he expects any major restatements by Grab following the financial audit.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/01bb3ebf179485a3d6dd7360f84e98f2\" tg-width=\"2000\" tg-height=\"1334\"><span>Anthony TanPhotographer: Akio Kon/Bloomberg</span></p>\n<p>He didn’t rule out a secondary listing in Grab’s home market of Singapore, saying the company considers all options. But he said Grab is “laser-focused” on the Nasdaq listing via the Altimeter merger that values the combination at about $40 billion.</p>\n<p>The CEO said Grab considered a traditional initial public offering, but opted for a deal with Brad Gerstner’s Altimeter after seeing the commitment by the SPAC partner. Altimeter has committed to a three-year lock-up period.</p>\n<p>“They put their money where their mouth is,” he said.</p>\n<p>Some analysts have questioned Grab’s targeted valuation. Matthew Kanterman, an analyst with Bloomberg Intelligence,calculatesthat Grab’s enterprise value-to-sales ratio is more than double those of ride-sharing peers Uber Technologies Inc. and Lyft Inc., “giving it scant wiggle room for missteps.”</p>\n<p>When asked if the $40 billion valuation may be too stretched, Tan declined to give a direct answer.</p>\n<p>“We are just excited about the region,” a large market for digital services, he said. “We are excited that Grab is an early one to represent Southeast Asia on a global stage.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Grab CEO Confident SPAC Deal to Close by Year-End After Delay</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGrab CEO Confident SPAC Deal to Close by Year-End After Delay\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-14 07:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-13/grab-ceo-confident-spac-deal-to-close-by-year-end-after-delay?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Company postponed its public debut because of financial audit\nCEO Tan doesn’t rule out secondary stock listing in Singapore\n\nGrab Holdings Inc. Chief Executive Officer Anthony Tan said he’s confident ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-13/grab-ceo-confident-spac-deal-to-close-by-year-end-after-delay?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-06-13/grab-ceo-confident-spac-deal-to-close-by-year-end-after-delay?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128243947","content_text":"Company postponed its public debut because of financial audit\nCEO Tan doesn’t rule out secondary stock listing in Singapore\n\nGrab Holdings Inc. Chief Executive Officer Anthony Tan said he’s confident the merger of the ride-hailing and food-delivery giant and a U.S. blank-check company will be completed by year-end, following a delay caused by a review of its financials.\nThe Singapore-based startup last week postponed the expected completion of the deal with Altimeter Growth Corp.-- set to be one of the largest-ever mergers with a special purpose acquisition company -- to the fourth quarter as it works on an audit of the past three years. When announcing thepactin April, Grab said in an investor presentation its completion target was July.\n“We decided to be proactive,” Tan said in an interview with Bloomberg Television. “We wanted to set the bar in transparent financial reporting. It may have taken a little longer than we expected.”\nGrab, which operates across Southeast Asia, is the latest company to be affected by intensifying scrutiny from U.S. financial regulators on deals involving SPACs. After a frenzy of listings, the SPAC market has been hit by a crackdown by the U.S. Securities and Exchange Commission as well as lawsuits from shareholders, falling stock prices and delays in planned listings.\nThe SEC’s scrutiny on how accounting rules apply to a key element of blank-check companies has prompted restatement filings. The regulator has said that SPACs may need to account for warrants -- securities issued to early investors -- as liabilities, rather than as equity.\nTan, 39, declined to comment when asked if he expects any major restatements by Grab following the financial audit.\nAnthony TanPhotographer: Akio Kon/Bloomberg\nHe didn’t rule out a secondary listing in Grab’s home market of Singapore, saying the company considers all options. But he said Grab is “laser-focused” on the Nasdaq listing via the Altimeter merger that values the combination at about $40 billion.\nThe CEO said Grab considered a traditional initial public offering, but opted for a deal with Brad Gerstner’s Altimeter after seeing the commitment by the SPAC partner. Altimeter has committed to a three-year lock-up period.\n“They put their money where their mouth is,” he said.\nSome analysts have questioned Grab’s targeted valuation. Matthew Kanterman, an analyst with Bloomberg Intelligence,calculatesthat Grab’s enterprise value-to-sales ratio is more than double those of ride-sharing peers Uber Technologies Inc. and Lyft Inc., “giving it scant wiggle room for missteps.”\nWhen asked if the $40 billion valuation may be too stretched, Tan declined to give a direct answer.\n“We are just excited about the region,” a large market for digital services, he said. “We are excited that Grab is an early one to represent Southeast Asia on a global stage.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":169425650,"gmtCreate":1623848395770,"gmtModify":1703821267179,"author":{"id":"3574902015347794","authorId":"3574902015347794","authorIdStr":"3574902015347794","name":"junhong9788","avatar":"https://static.tigerbbs.com/15e8a1c754a393b8db54cd88b0bbf543","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3574902015347794"},"htmlText":"Nice hearing this","listText":"Nice hearing this","text":"Nice hearing this","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/169425650","repostId":1128243947,"repostType":2,"repost":{"id":"1128243947","pubTimestamp":1623625934,"share":"https://ttm.financial/m/news/1128243947?lang=&edition=fundamental","pubTime":"2021-06-14 07:12","market":"us","language":"en","title":"Grab CEO Confident SPAC Deal to Close by Year-End After Delay","url":"https://stock-news.laohu8.com/highlight/detail?id=1128243947","media":"Bloomberg","summary":"Company postponed its public debut because of financial audit\nCEO Tan doesn’t rule out secondary sto","content":"<ul>\n <li>Company postponed its public debut because of financial audit</li>\n <li>CEO Tan doesn’t rule out secondary stock listing in Singapore</li>\n</ul>\n<p>Grab Holdings Inc.&nbsp;Chief Executive Officer Anthony Tan said he’s confident the merger of the ride-hailing and food-delivery giant and a U.S. blank-check company will be completed by year-end, following a delay caused by a review of its financials.</p>\n<p>The Singapore-based startup last week&nbsp;postponed&nbsp;the expected completion of the deal with&nbsp;Altimeter Growth Corp.-- set to be one of the largest-ever mergers with a special purpose acquisition company -- to the fourth quarter as it works on an audit of the past three years. When announcing thepactin April, Grab said in an&nbsp;investor presentation&nbsp;its completion target was July.</p>\n<p>“We decided to be proactive,” Tan said in an interview with Bloomberg Television. “We wanted to set the bar in transparent financial reporting. It may have taken a little longer than we expected.”</p>\n<p>Grab, which operates across Southeast Asia, is the latest company to be affected by intensifying scrutiny from U.S. financial regulators on deals involving SPACs. After a frenzy of listings, the SPAC market has been hit by a crackdown by the&nbsp;U.S. Securities and Exchange Commission&nbsp;as well as lawsuits from shareholders, falling stock prices and delays in planned listings.</p>\n<p>The SEC’s scrutiny on how accounting rules apply to a key element of blank-check companies has prompted restatement filings. The regulator has said that SPACs may need to account for warrants -- securities issued to early investors -- as liabilities, rather than as equity.</p>\n<p>Tan, 39, declined to comment when asked if he expects any major restatements by Grab following the financial audit.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/01bb3ebf179485a3d6dd7360f84e98f2\" tg-width=\"2000\" tg-height=\"1334\"><span>Anthony TanPhotographer: Akio Kon/Bloomberg</span></p>\n<p>He didn’t rule out a secondary listing in Grab’s home market of Singapore, saying the company considers all options. But he said Grab is “laser-focused” on the Nasdaq listing via the Altimeter merger that values the combination at about $40 billion.</p>\n<p>The CEO said Grab considered a traditional initial public offering, but opted for a deal with Brad Gerstner’s Altimeter after seeing the commitment by the SPAC partner. Altimeter has committed to a three-year lock-up period.</p>\n<p>“They put their money where their mouth is,” he said.</p>\n<p>Some analysts have questioned Grab’s targeted valuation. Matthew Kanterman, an analyst with Bloomberg Intelligence,calculatesthat Grab’s enterprise value-to-sales ratio is more than double those of ride-sharing peers Uber Technologies Inc. and Lyft Inc., “giving it scant wiggle room for missteps.”</p>\n<p>When asked if the $40 billion valuation may be too stretched, Tan declined to give a direct answer.</p>\n<p>“We are just excited about the region,” a large market for digital services, he said. “We are excited that Grab is an early one to represent Southeast Asia on a global stage.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Grab CEO Confident SPAC Deal to Close by Year-End After Delay</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGrab CEO Confident SPAC Deal to Close by Year-End After Delay\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-14 07:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-13/grab-ceo-confident-spac-deal-to-close-by-year-end-after-delay?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Company postponed its public debut because of financial audit\nCEO Tan doesn’t rule out secondary stock listing in Singapore\n\nGrab Holdings Inc. Chief Executive Officer Anthony Tan said he’s confident ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-13/grab-ceo-confident-spac-deal-to-close-by-year-end-after-delay?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-06-13/grab-ceo-confident-spac-deal-to-close-by-year-end-after-delay?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128243947","content_text":"Company postponed its public debut because of financial audit\nCEO Tan doesn’t rule out secondary stock listing in Singapore\n\nGrab Holdings Inc. Chief Executive Officer Anthony Tan said he’s confident the merger of the ride-hailing and food-delivery giant and a U.S. blank-check company will be completed by year-end, following a delay caused by a review of its financials.\nThe Singapore-based startup last week postponed the expected completion of the deal with Altimeter Growth Corp.-- set to be one of the largest-ever mergers with a special purpose acquisition company -- to the fourth quarter as it works on an audit of the past three years. When announcing thepactin April, Grab said in an investor presentation its completion target was July.\n“We decided to be proactive,” Tan said in an interview with Bloomberg Television. “We wanted to set the bar in transparent financial reporting. It may have taken a little longer than we expected.”\nGrab, which operates across Southeast Asia, is the latest company to be affected by intensifying scrutiny from U.S. financial regulators on deals involving SPACs. After a frenzy of listings, the SPAC market has been hit by a crackdown by the U.S. Securities and Exchange Commission as well as lawsuits from shareholders, falling stock prices and delays in planned listings.\nThe SEC’s scrutiny on how accounting rules apply to a key element of blank-check companies has prompted restatement filings. The regulator has said that SPACs may need to account for warrants -- securities issued to early investors -- as liabilities, rather than as equity.\nTan, 39, declined to comment when asked if he expects any major restatements by Grab following the financial audit.\nAnthony TanPhotographer: Akio Kon/Bloomberg\nHe didn’t rule out a secondary listing in Grab’s home market of Singapore, saying the company considers all options. But he said Grab is “laser-focused” on the Nasdaq listing via the Altimeter merger that values the combination at about $40 billion.\nThe CEO said Grab considered a traditional initial public offering, but opted for a deal with Brad Gerstner’s Altimeter after seeing the commitment by the SPAC partner. Altimeter has committed to a three-year lock-up period.\n“They put their money where their mouth is,” he said.\nSome analysts have questioned Grab’s targeted valuation. Matthew Kanterman, an analyst with Bloomberg Intelligence,calculatesthat Grab’s enterprise value-to-sales ratio is more than double those of ride-sharing peers Uber Technologies Inc. and Lyft Inc., “giving it scant wiggle room for missteps.”\nWhen asked if the $40 billion valuation may be too stretched, Tan declined to give a direct answer.\n“We are just excited about the region,” a large market for digital services, he said. “We are excited that Grab is an early one to represent Southeast Asia on a global stage.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":160361564,"gmtCreate":1623772899958,"gmtModify":1703819054331,"author":{"id":"3583137009388827","authorId":"3583137009388827","authorIdStr":"3583137009388827","name":"Sheeeeep","avatar":"https://static.tigerbbs.com/27923972e21afd7321c7974dd54a3fa0","vip":1,"hat":"https://static.tigerbbs.com/1c1eed764d9c7ff83dc093fbb9a96bc2","crmLevel":3,"crmLevelSwitch":1,"idStr":"3583137009388827"},"htmlText":"Good article.&nbsp;Very informative to ppl&nbsp;","listText":"Good article.&nbsp;Very informative to ppl&nbsp;","text":"Good article. Very informative to ppl","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/160361564","repostId":1128243947,"repostType":2,"repost":{"id":"1128243947","pubTimestamp":1623625934,"share":"https://ttm.financial/m/news/1128243947?lang=&edition=fundamental","pubTime":"2021-06-14 07:12","market":"us","language":"en","title":"Grab CEO Confident SPAC Deal to Close by Year-End After Delay","url":"https://stock-news.laohu8.com/highlight/detail?id=1128243947","media":"Bloomberg","summary":"Company postponed its public debut because of financial audit\nCEO Tan doesn’t rule out secondary sto","content":"<ul>\n <li>Company postponed its public debut because of financial audit</li>\n <li>CEO Tan doesn’t rule out secondary stock listing in Singapore</li>\n</ul>\n<p>Grab Holdings Inc.&nbsp;Chief Executive Officer Anthony Tan said he’s confident the merger of the ride-hailing and food-delivery giant and a U.S. blank-check company will be completed by year-end, following a delay caused by a review of its financials.</p>\n<p>The Singapore-based startup last week&nbsp;postponed&nbsp;the expected completion of the deal with&nbsp;Altimeter Growth Corp.-- set to be one of the largest-ever mergers with a special purpose acquisition company -- to the fourth quarter as it works on an audit of the past three years. When announcing thepactin April, Grab said in an&nbsp;investor presentation&nbsp;its completion target was July.</p>\n<p>“We decided to be proactive,” Tan said in an interview with Bloomberg Television. “We wanted to set the bar in transparent financial reporting. It may have taken a little longer than we expected.”</p>\n<p>Grab, which operates across Southeast Asia, is the latest company to be affected by intensifying scrutiny from U.S. financial regulators on deals involving SPACs. After a frenzy of listings, the SPAC market has been hit by a crackdown by the&nbsp;U.S. Securities and Exchange Commission&nbsp;as well as lawsuits from shareholders, falling stock prices and delays in planned listings.</p>\n<p>The SEC’s scrutiny on how accounting rules apply to a key element of blank-check companies has prompted restatement filings. The regulator has said that SPACs may need to account for warrants -- securities issued to early investors -- as liabilities, rather than as equity.</p>\n<p>Tan, 39, declined to comment when asked if he expects any major restatements by Grab following the financial audit.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/01bb3ebf179485a3d6dd7360f84e98f2\" tg-width=\"2000\" tg-height=\"1334\"><span>Anthony TanPhotographer: Akio Kon/Bloomberg</span></p>\n<p>He didn’t rule out a secondary listing in Grab’s home market of Singapore, saying the company considers all options. But he said Grab is “laser-focused” on the Nasdaq listing via the Altimeter merger that values the combination at about $40 billion.</p>\n<p>The CEO said Grab considered a traditional initial public offering, but opted for a deal with Brad Gerstner’s Altimeter after seeing the commitment by the SPAC partner. Altimeter has committed to a three-year lock-up period.</p>\n<p>“They put their money where their mouth is,” he said.</p>\n<p>Some analysts have questioned Grab’s targeted valuation. Matthew Kanterman, an analyst with Bloomberg Intelligence,calculatesthat Grab’s enterprise value-to-sales ratio is more than double those of ride-sharing peers Uber Technologies Inc. and Lyft Inc., “giving it scant wiggle room for missteps.”</p>\n<p>When asked if the $40 billion valuation may be too stretched, Tan declined to give a direct answer.</p>\n<p>“We are just excited about the region,” a large market for digital services, he said. “We are excited that Grab is an early one to represent Southeast Asia on a global stage.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Grab CEO Confident SPAC Deal to Close by Year-End After Delay</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGrab CEO Confident SPAC Deal to Close by Year-End After Delay\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-14 07:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-13/grab-ceo-confident-spac-deal-to-close-by-year-end-after-delay?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Company postponed its public debut because of financial audit\nCEO Tan doesn’t rule out secondary stock listing in Singapore\n\nGrab Holdings Inc. Chief Executive Officer Anthony Tan said he’s confident ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-13/grab-ceo-confident-spac-deal-to-close-by-year-end-after-delay?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-06-13/grab-ceo-confident-spac-deal-to-close-by-year-end-after-delay?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128243947","content_text":"Company postponed its public debut because of financial audit\nCEO Tan doesn’t rule out secondary stock listing in Singapore\n\nGrab Holdings Inc. Chief Executive Officer Anthony Tan said he’s confident the merger of the ride-hailing and food-delivery giant and a U.S. blank-check company will be completed by year-end, following a delay caused by a review of its financials.\nThe Singapore-based startup last week postponed the expected completion of the deal with Altimeter Growth Corp.-- set to be one of the largest-ever mergers with a special purpose acquisition company -- to the fourth quarter as it works on an audit of the past three years. When announcing thepactin April, Grab said in an investor presentation its completion target was July.\n“We decided to be proactive,” Tan said in an interview with Bloomberg Television. “We wanted to set the bar in transparent financial reporting. It may have taken a little longer than we expected.”\nGrab, which operates across Southeast Asia, is the latest company to be affected by intensifying scrutiny from U.S. financial regulators on deals involving SPACs. After a frenzy of listings, the SPAC market has been hit by a crackdown by the U.S. Securities and Exchange Commission as well as lawsuits from shareholders, falling stock prices and delays in planned listings.\nThe SEC’s scrutiny on how accounting rules apply to a key element of blank-check companies has prompted restatement filings. The regulator has said that SPACs may need to account for warrants -- securities issued to early investors -- as liabilities, rather than as equity.\nTan, 39, declined to comment when asked if he expects any major restatements by Grab following the financial audit.\nAnthony TanPhotographer: Akio Kon/Bloomberg\nHe didn’t rule out a secondary listing in Grab’s home market of Singapore, saying the company considers all options. But he said Grab is “laser-focused” on the Nasdaq listing via the Altimeter merger that values the combination at about $40 billion.\nThe CEO said Grab considered a traditional initial public offering, but opted for a deal with Brad Gerstner’s Altimeter after seeing the commitment by the SPAC partner. Altimeter has committed to a three-year lock-up period.\n“They put their money where their mouth is,” he said.\nSome analysts have questioned Grab’s targeted valuation. Matthew Kanterman, an analyst with Bloomberg Intelligence,calculatesthat Grab’s enterprise value-to-sales ratio is more than double those of ride-sharing peers Uber Technologies Inc. and Lyft Inc., “giving it scant wiggle room for missteps.”\nWhen asked if the $40 billion valuation may be too stretched, Tan declined to give a direct answer.\n“We are just excited about the region,” a large market for digital services, he said. “We are excited that Grab is an early one to represent Southeast Asia on a global stage.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":160990997,"gmtCreate":1623768249519,"gmtModify":1703818854473,"author":{"id":"3584238293339196","authorId":"3584238293339196","authorIdStr":"3584238293339196","name":"Brianytk","avatar":"https://static.tigerbbs.com/38b57b23ab7611dbfb613a8b2134a6d2","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3584238293339196"},"htmlText":"Just make sure it happen ;)&nbsp;","listText":"Just make sure it happen ;)&nbsp;","text":"Just make sure it happen ;)","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/160990997","repostId":1128243947,"repostType":2,"repost":{"id":"1128243947","pubTimestamp":1623625934,"share":"https://ttm.financial/m/news/1128243947?lang=&edition=fundamental","pubTime":"2021-06-14 07:12","market":"us","language":"en","title":"Grab CEO Confident SPAC Deal to Close by Year-End After Delay","url":"https://stock-news.laohu8.com/highlight/detail?id=1128243947","media":"Bloomberg","summary":"Company postponed its public debut because of financial audit\nCEO Tan doesn’t rule out secondary sto","content":"<ul>\n <li>Company postponed its public debut because of financial audit</li>\n <li>CEO Tan doesn’t rule out secondary stock listing in Singapore</li>\n</ul>\n<p>Grab Holdings Inc.&nbsp;Chief Executive Officer Anthony Tan said he’s confident the merger of the ride-hailing and food-delivery giant and a U.S. blank-check company will be completed by year-end, following a delay caused by a review of its financials.</p>\n<p>The Singapore-based startup last week&nbsp;postponed&nbsp;the expected completion of the deal with&nbsp;Altimeter Growth Corp.-- set to be one of the largest-ever mergers with a special purpose acquisition company -- to the fourth quarter as it works on an audit of the past three years. When announcing thepactin April, Grab said in an&nbsp;investor presentation&nbsp;its completion target was July.</p>\n<p>“We decided to be proactive,” Tan said in an interview with Bloomberg Television. “We wanted to set the bar in transparent financial reporting. It may have taken a little longer than we expected.”</p>\n<p>Grab, which operates across Southeast Asia, is the latest company to be affected by intensifying scrutiny from U.S. financial regulators on deals involving SPACs. After a frenzy of listings, the SPAC market has been hit by a crackdown by the&nbsp;U.S. Securities and Exchange Commission&nbsp;as well as lawsuits from shareholders, falling stock prices and delays in planned listings.</p>\n<p>The SEC’s scrutiny on how accounting rules apply to a key element of blank-check companies has prompted restatement filings. The regulator has said that SPACs may need to account for warrants -- securities issued to early investors -- as liabilities, rather than as equity.</p>\n<p>Tan, 39, declined to comment when asked if he expects any major restatements by Grab following the financial audit.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/01bb3ebf179485a3d6dd7360f84e98f2\" tg-width=\"2000\" tg-height=\"1334\"><span>Anthony TanPhotographer: Akio Kon/Bloomberg</span></p>\n<p>He didn’t rule out a secondary listing in Grab’s home market of Singapore, saying the company considers all options. But he said Grab is “laser-focused” on the Nasdaq listing via the Altimeter merger that values the combination at about $40 billion.</p>\n<p>The CEO said Grab considered a traditional initial public offering, but opted for a deal with Brad Gerstner’s Altimeter after seeing the commitment by the SPAC partner. Altimeter has committed to a three-year lock-up period.</p>\n<p>“They put their money where their mouth is,” he said.</p>\n<p>Some analysts have questioned Grab’s targeted valuation. Matthew Kanterman, an analyst with Bloomberg Intelligence,calculatesthat Grab’s enterprise value-to-sales ratio is more than double those of ride-sharing peers Uber Technologies Inc. and Lyft Inc., “giving it scant wiggle room for missteps.”</p>\n<p>When asked if the $40 billion valuation may be too stretched, Tan declined to give a direct answer.</p>\n<p>“We are just excited about the region,” a large market for digital services, he said. “We are excited that Grab is an early one to represent Southeast Asia on a global stage.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Grab CEO Confident SPAC Deal to Close by Year-End After Delay</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGrab CEO Confident SPAC Deal to Close by Year-End After Delay\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-14 07:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-13/grab-ceo-confident-spac-deal-to-close-by-year-end-after-delay?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Company postponed its public debut because of financial audit\nCEO Tan doesn’t rule out secondary stock listing in Singapore\n\nGrab Holdings Inc. Chief Executive Officer Anthony Tan said he’s confident ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-13/grab-ceo-confident-spac-deal-to-close-by-year-end-after-delay?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-06-13/grab-ceo-confident-spac-deal-to-close-by-year-end-after-delay?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128243947","content_text":"Company postponed its public debut because of financial audit\nCEO Tan doesn’t rule out secondary stock listing in Singapore\n\nGrab Holdings Inc. Chief Executive Officer Anthony Tan said he’s confident the merger of the ride-hailing and food-delivery giant and a U.S. blank-check company will be completed by year-end, following a delay caused by a review of its financials.\nThe Singapore-based startup last week postponed the expected completion of the deal with Altimeter Growth Corp.-- set to be one of the largest-ever mergers with a special purpose acquisition company -- to the fourth quarter as it works on an audit of the past three years. When announcing thepactin April, Grab said in an investor presentation its completion target was July.\n“We decided to be proactive,” Tan said in an interview with Bloomberg Television. “We wanted to set the bar in transparent financial reporting. It may have taken a little longer than we expected.”\nGrab, which operates across Southeast Asia, is the latest company to be affected by intensifying scrutiny from U.S. financial regulators on deals involving SPACs. After a frenzy of listings, the SPAC market has been hit by a crackdown by the U.S. Securities and Exchange Commission as well as lawsuits from shareholders, falling stock prices and delays in planned listings.\nThe SEC’s scrutiny on how accounting rules apply to a key element of blank-check companies has prompted restatement filings. The regulator has said that SPACs may need to account for warrants -- securities issued to early investors -- as liabilities, rather than as equity.\nTan, 39, declined to comment when asked if he expects any major restatements by Grab following the financial audit.\nAnthony TanPhotographer: Akio Kon/Bloomberg\nHe didn’t rule out a secondary listing in Grab’s home market of Singapore, saying the company considers all options. But he said Grab is “laser-focused” on the Nasdaq listing via the Altimeter merger that values the combination at about $40 billion.\nThe CEO said Grab considered a traditional initial public offering, but opted for a deal with Brad Gerstner’s Altimeter after seeing the commitment by the SPAC partner. Altimeter has committed to a three-year lock-up period.\n“They put their money where their mouth is,” he said.\nSome analysts have questioned Grab’s targeted valuation. Matthew Kanterman, an analyst with Bloomberg Intelligence,calculatesthat Grab’s enterprise value-to-sales ratio is more than double those of ride-sharing peers Uber Technologies Inc. and Lyft Inc., “giving it scant wiggle room for missteps.”\nWhen asked if the $40 billion valuation may be too stretched, Tan declined to give a direct answer.\n“We are just excited about the region,” a large market for digital services, he said. “We are excited that Grab is an early one to represent Southeast Asia on a global stage.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":185682351,"gmtCreate":1623646206273,"gmtModify":1704207751904,"author":{"id":"3567832114052050","authorId":"3567832114052050","authorIdStr":"3567832114052050","name":"NCM","avatar":"https://static.tigerbbs.com/bd72c39fd9a998a91f641828e572613e","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3567832114052050"},"htmlText":"OK","listText":"OK","text":"OK","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/185682351","repostId":1128243947,"repostType":4,"repost":{"id":"1128243947","pubTimestamp":1623625934,"share":"https://ttm.financial/m/news/1128243947?lang=&edition=fundamental","pubTime":"2021-06-14 07:12","market":"us","language":"en","title":"Grab CEO Confident SPAC Deal to Close by Year-End After Delay","url":"https://stock-news.laohu8.com/highlight/detail?id=1128243947","media":"Bloomberg","summary":"Company postponed its public debut because of financial audit\nCEO Tan doesn’t rule out secondary sto","content":"<ul>\n <li>Company postponed its public debut because of financial audit</li>\n <li>CEO Tan doesn’t rule out secondary stock listing in Singapore</li>\n</ul>\n<p>Grab Holdings Inc.&nbsp;Chief Executive Officer Anthony Tan said he’s confident the merger of the ride-hailing and food-delivery giant and a U.S. blank-check company will be completed by year-end, following a delay caused by a review of its financials.</p>\n<p>The Singapore-based startup last week&nbsp;postponed&nbsp;the expected completion of the deal with&nbsp;Altimeter Growth Corp.-- set to be one of the largest-ever mergers with a special purpose acquisition company -- to the fourth quarter as it works on an audit of the past three years. When announcing thepactin April, Grab said in an&nbsp;investor presentation&nbsp;its completion target was July.</p>\n<p>“We decided to be proactive,” Tan said in an interview with Bloomberg Television. “We wanted to set the bar in transparent financial reporting. It may have taken a little longer than we expected.”</p>\n<p>Grab, which operates across Southeast Asia, is the latest company to be affected by intensifying scrutiny from U.S. financial regulators on deals involving SPACs. After a frenzy of listings, the SPAC market has been hit by a crackdown by the&nbsp;U.S. Securities and Exchange Commission&nbsp;as well as lawsuits from shareholders, falling stock prices and delays in planned listings.</p>\n<p>The SEC’s scrutiny on how accounting rules apply to a key element of blank-check companies has prompted restatement filings. The regulator has said that SPACs may need to account for warrants -- securities issued to early investors -- as liabilities, rather than as equity.</p>\n<p>Tan, 39, declined to comment when asked if he expects any major restatements by Grab following the financial audit.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/01bb3ebf179485a3d6dd7360f84e98f2\" tg-width=\"2000\" tg-height=\"1334\"><span>Anthony TanPhotographer: Akio Kon/Bloomberg</span></p>\n<p>He didn’t rule out a secondary listing in Grab’s home market of Singapore, saying the company considers all options. But he said Grab is “laser-focused” on the Nasdaq listing via the Altimeter merger that values the combination at about $40 billion.</p>\n<p>The CEO said Grab considered a traditional initial public offering, but opted for a deal with Brad Gerstner’s Altimeter after seeing the commitment by the SPAC partner. Altimeter has committed to a three-year lock-up period.</p>\n<p>“They put their money where their mouth is,” he said.</p>\n<p>Some analysts have questioned Grab’s targeted valuation. Matthew Kanterman, an analyst with Bloomberg Intelligence,calculatesthat Grab’s enterprise value-to-sales ratio is more than double those of ride-sharing peers Uber Technologies Inc. and Lyft Inc., “giving it scant wiggle room for missteps.”</p>\n<p>When asked if the $40 billion valuation may be too stretched, Tan declined to give a direct answer.</p>\n<p>“We are just excited about the region,” a large market for digital services, he said. “We are excited that Grab is an early one to represent Southeast Asia on a global stage.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Grab CEO Confident SPAC Deal to Close by Year-End After Delay</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGrab CEO Confident SPAC Deal to Close by Year-End After Delay\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-14 07:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-13/grab-ceo-confident-spac-deal-to-close-by-year-end-after-delay?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Company postponed its public debut because of financial audit\nCEO Tan doesn’t rule out secondary stock listing in Singapore\n\nGrab Holdings Inc. Chief Executive Officer Anthony Tan said he’s confident ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-13/grab-ceo-confident-spac-deal-to-close-by-year-end-after-delay?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-06-13/grab-ceo-confident-spac-deal-to-close-by-year-end-after-delay?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128243947","content_text":"Company postponed its public debut because of financial audit\nCEO Tan doesn’t rule out secondary stock listing in Singapore\n\nGrab Holdings Inc. Chief Executive Officer Anthony Tan said he’s confident the merger of the ride-hailing and food-delivery giant and a U.S. blank-check company will be completed by year-end, following a delay caused by a review of its financials.\nThe Singapore-based startup last week postponed the expected completion of the deal with Altimeter Growth Corp.-- set to be one of the largest-ever mergers with a special purpose acquisition company -- to the fourth quarter as it works on an audit of the past three years. When announcing thepactin April, Grab said in an investor presentation its completion target was July.\n“We decided to be proactive,” Tan said in an interview with Bloomberg Television. “We wanted to set the bar in transparent financial reporting. It may have taken a little longer than we expected.”\nGrab, which operates across Southeast Asia, is the latest company to be affected by intensifying scrutiny from U.S. financial regulators on deals involving SPACs. After a frenzy of listings, the SPAC market has been hit by a crackdown by the U.S. Securities and Exchange Commission as well as lawsuits from shareholders, falling stock prices and delays in planned listings.\nThe SEC’s scrutiny on how accounting rules apply to a key element of blank-check companies has prompted restatement filings. The regulator has said that SPACs may need to account for warrants -- securities issued to early investors -- as liabilities, rather than as equity.\nTan, 39, declined to comment when asked if he expects any major restatements by Grab following the financial audit.\nAnthony TanPhotographer: Akio Kon/Bloomberg\nHe didn’t rule out a secondary listing in Grab’s home market of Singapore, saying the company considers all options. But he said Grab is “laser-focused” on the Nasdaq listing via the Altimeter merger that values the combination at about $40 billion.\nThe CEO said Grab considered a traditional initial public offering, but opted for a deal with Brad Gerstner’s Altimeter after seeing the commitment by the SPAC partner. Altimeter has committed to a three-year lock-up period.\n“They put their money where their mouth is,” he said.\nSome analysts have questioned Grab’s targeted valuation. Matthew Kanterman, an analyst with Bloomberg Intelligence,calculatesthat Grab’s enterprise value-to-sales ratio is more than double those of ride-sharing peers Uber Technologies Inc. and Lyft Inc., “giving it scant wiggle room for missteps.”\nWhen asked if the $40 billion valuation may be too stretched, Tan declined to give a direct answer.\n“We are just excited about the region,” a large market for digital services, he said. “We are excited that Grab is an early one to represent Southeast Asia on a global stage.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":185856703,"gmtCreate":1623642880802,"gmtModify":1704207656315,"author":{"id":"3582246530475440","authorId":"3582246530475440","authorIdStr":"3582246530475440","name":"Acff","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582246530475440"},"htmlText":"&nbsp;B","listText":"&nbsp;B","text":"B","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/185856703","repostId":1128243947,"repostType":4,"repost":{"id":"1128243947","pubTimestamp":1623625934,"share":"https://ttm.financial/m/news/1128243947?lang=&edition=fundamental","pubTime":"2021-06-14 07:12","market":"us","language":"en","title":"Grab CEO Confident SPAC Deal to Close by Year-End After Delay","url":"https://stock-news.laohu8.com/highlight/detail?id=1128243947","media":"Bloomberg","summary":"Company postponed its public debut because of financial audit\nCEO Tan doesn’t rule out secondary sto","content":"<ul>\n <li>Company postponed its public debut because of financial audit</li>\n <li>CEO Tan doesn’t rule out secondary stock listing in Singapore</li>\n</ul>\n<p>Grab Holdings Inc.&nbsp;Chief Executive Officer Anthony Tan said he’s confident the merger of the ride-hailing and food-delivery giant and a U.S. blank-check company will be completed by year-end, following a delay caused by a review of its financials.</p>\n<p>The Singapore-based startup last week&nbsp;postponed&nbsp;the expected completion of the deal with&nbsp;Altimeter Growth Corp.-- set to be one of the largest-ever mergers with a special purpose acquisition company -- to the fourth quarter as it works on an audit of the past three years. When announcing thepactin April, Grab said in an&nbsp;investor presentation&nbsp;its completion target was July.</p>\n<p>“We decided to be proactive,” Tan said in an interview with Bloomberg Television. “We wanted to set the bar in transparent financial reporting. It may have taken a little longer than we expected.”</p>\n<p>Grab, which operates across Southeast Asia, is the latest company to be affected by intensifying scrutiny from U.S. financial regulators on deals involving SPACs. After a frenzy of listings, the SPAC market has been hit by a crackdown by the&nbsp;U.S. Securities and Exchange Commission&nbsp;as well as lawsuits from shareholders, falling stock prices and delays in planned listings.</p>\n<p>The SEC’s scrutiny on how accounting rules apply to a key element of blank-check companies has prompted restatement filings. The regulator has said that SPACs may need to account for warrants -- securities issued to early investors -- as liabilities, rather than as equity.</p>\n<p>Tan, 39, declined to comment when asked if he expects any major restatements by Grab following the financial audit.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/01bb3ebf179485a3d6dd7360f84e98f2\" tg-width=\"2000\" tg-height=\"1334\"><span>Anthony TanPhotographer: Akio Kon/Bloomberg</span></p>\n<p>He didn’t rule out a secondary listing in Grab’s home market of Singapore, saying the company considers all options. But he said Grab is “laser-focused” on the Nasdaq listing via the Altimeter merger that values the combination at about $40 billion.</p>\n<p>The CEO said Grab considered a traditional initial public offering, but opted for a deal with Brad Gerstner’s Altimeter after seeing the commitment by the SPAC partner. Altimeter has committed to a three-year lock-up period.</p>\n<p>“They put their money where their mouth is,” he said.</p>\n<p>Some analysts have questioned Grab’s targeted valuation. Matthew Kanterman, an analyst with Bloomberg Intelligence,calculatesthat Grab’s enterprise value-to-sales ratio is more than double those of ride-sharing peers Uber Technologies Inc. and Lyft Inc., “giving it scant wiggle room for missteps.”</p>\n<p>When asked if the $40 billion valuation may be too stretched, Tan declined to give a direct answer.</p>\n<p>“We are just excited about the region,” a large market for digital services, he said. “We are excited that Grab is an early one to represent Southeast Asia on a global stage.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Grab CEO Confident SPAC Deal to Close by Year-End After Delay</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGrab CEO Confident SPAC Deal to Close by Year-End After Delay\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-14 07:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-13/grab-ceo-confident-spac-deal-to-close-by-year-end-after-delay?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Company postponed its public debut because of financial audit\nCEO Tan doesn’t rule out secondary stock listing in Singapore\n\nGrab Holdings Inc. Chief Executive Officer Anthony Tan said he’s confident ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-13/grab-ceo-confident-spac-deal-to-close-by-year-end-after-delay?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-06-13/grab-ceo-confident-spac-deal-to-close-by-year-end-after-delay?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128243947","content_text":"Company postponed its public debut because of financial audit\nCEO Tan doesn’t rule out secondary stock listing in Singapore\n\nGrab Holdings Inc. Chief Executive Officer Anthony Tan said he’s confident the merger of the ride-hailing and food-delivery giant and a U.S. blank-check company will be completed by year-end, following a delay caused by a review of its financials.\nThe Singapore-based startup last week postponed the expected completion of the deal with Altimeter Growth Corp.-- set to be one of the largest-ever mergers with a special purpose acquisition company -- to the fourth quarter as it works on an audit of the past three years. When announcing thepactin April, Grab said in an investor presentation its completion target was July.\n“We decided to be proactive,” Tan said in an interview with Bloomberg Television. “We wanted to set the bar in transparent financial reporting. It may have taken a little longer than we expected.”\nGrab, which operates across Southeast Asia, is the latest company to be affected by intensifying scrutiny from U.S. financial regulators on deals involving SPACs. After a frenzy of listings, the SPAC market has been hit by a crackdown by the U.S. Securities and Exchange Commission as well as lawsuits from shareholders, falling stock prices and delays in planned listings.\nThe SEC’s scrutiny on how accounting rules apply to a key element of blank-check companies has prompted restatement filings. The regulator has said that SPACs may need to account for warrants -- securities issued to early investors -- as liabilities, rather than as equity.\nTan, 39, declined to comment when asked if he expects any major restatements by Grab following the financial audit.\nAnthony TanPhotographer: Akio Kon/Bloomberg\nHe didn’t rule out a secondary listing in Grab’s home market of Singapore, saying the company considers all options. But he said Grab is “laser-focused” on the Nasdaq listing via the Altimeter merger that values the combination at about $40 billion.\nThe CEO said Grab considered a traditional initial public offering, but opted for a deal with Brad Gerstner’s Altimeter after seeing the commitment by the SPAC partner. Altimeter has committed to a three-year lock-up period.\n“They put their money where their mouth is,” he said.\nSome analysts have questioned Grab’s targeted valuation. Matthew Kanterman, an analyst with Bloomberg Intelligence,calculatesthat Grab’s enterprise value-to-sales ratio is more than double those of ride-sharing peers Uber Technologies Inc. and Lyft Inc., “giving it scant wiggle room for missteps.”\nWhen asked if the $40 billion valuation may be too stretched, Tan declined to give a direct answer.\n“We are just excited about the region,” a large market for digital services, he said. “We are excited that Grab is an early one to represent Southeast Asia on a global stage.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":185341038,"gmtCreate":1623634771524,"gmtModify":1704207397446,"author":{"id":"3574747207258766","authorId":"3574747207258766","authorIdStr":"3574747207258766","name":"Jianhao112","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3574747207258766"},"htmlText":"What is the symbol for altimeter growth in this deal? AGC AGCUU AGCB?","listText":"What is the symbol for altimeter growth in this deal? AGC AGCUU AGCB?","text":"What is the symbol for altimeter growth in this deal? AGC AGCUU AGCB?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/185341038","repostId":1128243947,"repostType":4,"repost":{"id":"1128243947","pubTimestamp":1623625934,"share":"https://ttm.financial/m/news/1128243947?lang=&edition=fundamental","pubTime":"2021-06-14 07:12","market":"us","language":"en","title":"Grab CEO Confident SPAC Deal to Close by Year-End After Delay","url":"https://stock-news.laohu8.com/highlight/detail?id=1128243947","media":"Bloomberg","summary":"Company postponed its public debut because of financial audit\nCEO Tan doesn’t rule out secondary sto","content":"<ul>\n <li>Company postponed its public debut because of financial audit</li>\n <li>CEO Tan doesn’t rule out secondary stock listing in Singapore</li>\n</ul>\n<p>Grab Holdings Inc.&nbsp;Chief Executive Officer Anthony Tan said he’s confident the merger of the ride-hailing and food-delivery giant and a U.S. blank-check company will be completed by year-end, following a delay caused by a review of its financials.</p>\n<p>The Singapore-based startup last week&nbsp;postponed&nbsp;the expected completion of the deal with&nbsp;Altimeter Growth Corp.-- set to be one of the largest-ever mergers with a special purpose acquisition company -- to the fourth quarter as it works on an audit of the past three years. When announcing thepactin April, Grab said in an&nbsp;investor presentation&nbsp;its completion target was July.</p>\n<p>“We decided to be proactive,” Tan said in an interview with Bloomberg Television. “We wanted to set the bar in transparent financial reporting. It may have taken a little longer than we expected.”</p>\n<p>Grab, which operates across Southeast Asia, is the latest company to be affected by intensifying scrutiny from U.S. financial regulators on deals involving SPACs. After a frenzy of listings, the SPAC market has been hit by a crackdown by the&nbsp;U.S. Securities and Exchange Commission&nbsp;as well as lawsuits from shareholders, falling stock prices and delays in planned listings.</p>\n<p>The SEC’s scrutiny on how accounting rules apply to a key element of blank-check companies has prompted restatement filings. The regulator has said that SPACs may need to account for warrants -- securities issued to early investors -- as liabilities, rather than as equity.</p>\n<p>Tan, 39, declined to comment when asked if he expects any major restatements by Grab following the financial audit.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/01bb3ebf179485a3d6dd7360f84e98f2\" tg-width=\"2000\" tg-height=\"1334\"><span>Anthony TanPhotographer: Akio Kon/Bloomberg</span></p>\n<p>He didn’t rule out a secondary listing in Grab’s home market of Singapore, saying the company considers all options. But he said Grab is “laser-focused” on the Nasdaq listing via the Altimeter merger that values the combination at about $40 billion.</p>\n<p>The CEO said Grab considered a traditional initial public offering, but opted for a deal with Brad Gerstner’s Altimeter after seeing the commitment by the SPAC partner. Altimeter has committed to a three-year lock-up period.</p>\n<p>“They put their money where their mouth is,” he said.</p>\n<p>Some analysts have questioned Grab’s targeted valuation. Matthew Kanterman, an analyst with Bloomberg Intelligence,calculatesthat Grab’s enterprise value-to-sales ratio is more than double those of ride-sharing peers Uber Technologies Inc. and Lyft Inc., “giving it scant wiggle room for missteps.”</p>\n<p>When asked if the $40 billion valuation may be too stretched, Tan declined to give a direct answer.</p>\n<p>“We are just excited about the region,” a large market for digital services, he said. “We are excited that Grab is an early one to represent Southeast Asia on a global stage.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Grab CEO Confident SPAC Deal to Close by Year-End After Delay</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGrab CEO Confident SPAC Deal to Close by Year-End After Delay\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-14 07:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-13/grab-ceo-confident-spac-deal-to-close-by-year-end-after-delay?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Company postponed its public debut because of financial audit\nCEO Tan doesn’t rule out secondary stock listing in Singapore\n\nGrab Holdings Inc. Chief Executive Officer Anthony Tan said he’s confident ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-13/grab-ceo-confident-spac-deal-to-close-by-year-end-after-delay?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-06-13/grab-ceo-confident-spac-deal-to-close-by-year-end-after-delay?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128243947","content_text":"Company postponed its public debut because of financial audit\nCEO Tan doesn’t rule out secondary stock listing in Singapore\n\nGrab Holdings Inc. Chief Executive Officer Anthony Tan said he’s confident the merger of the ride-hailing and food-delivery giant and a U.S. blank-check company will be completed by year-end, following a delay caused by a review of its financials.\nThe Singapore-based startup last week postponed the expected completion of the deal with Altimeter Growth Corp.-- set to be one of the largest-ever mergers with a special purpose acquisition company -- to the fourth quarter as it works on an audit of the past three years. When announcing thepactin April, Grab said in an investor presentation its completion target was July.\n“We decided to be proactive,” Tan said in an interview with Bloomberg Television. “We wanted to set the bar in transparent financial reporting. It may have taken a little longer than we expected.”\nGrab, which operates across Southeast Asia, is the latest company to be affected by intensifying scrutiny from U.S. financial regulators on deals involving SPACs. After a frenzy of listings, the SPAC market has been hit by a crackdown by the U.S. Securities and Exchange Commission as well as lawsuits from shareholders, falling stock prices and delays in planned listings.\nThe SEC’s scrutiny on how accounting rules apply to a key element of blank-check companies has prompted restatement filings. The regulator has said that SPACs may need to account for warrants -- securities issued to early investors -- as liabilities, rather than as equity.\nTan, 39, declined to comment when asked if he expects any major restatements by Grab following the financial audit.\nAnthony TanPhotographer: Akio Kon/Bloomberg\nHe didn’t rule out a secondary listing in Grab’s home market of Singapore, saying the company considers all options. But he said Grab is “laser-focused” on the Nasdaq listing via the Altimeter merger that values the combination at about $40 billion.\nThe CEO said Grab considered a traditional initial public offering, but opted for a deal with Brad Gerstner’s Altimeter after seeing the commitment by the SPAC partner. Altimeter has committed to a three-year lock-up period.\n“They put their money where their mouth is,” he said.\nSome analysts have questioned Grab’s targeted valuation. Matthew Kanterman, an analyst with Bloomberg Intelligence,calculatesthat Grab’s enterprise value-to-sales ratio is more than double those of ride-sharing peers Uber Technologies Inc. and Lyft Inc., “giving it scant wiggle room for missteps.”\nWhen asked if the $40 billion valuation may be too stretched, Tan declined to give a direct answer.\n“We are just excited about the region,” a large market for digital services, he said. “We are excited that Grab is an early one to represent Southeast Asia on a global stage.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4750143,"gmtCreate":1623679596804,"gmtModify":1663228755766,"authorId":3563665738915585,"author":{"id":3563665738915585,"authorId":3563665738915585,"name":"Tongdadd","avatar":"https://static.tigerbbs.com/79e519b2023d6e7e3b68e295f81f3e8e","vip":1,"currentWearingBadge":{"badgeId":"1f541396f99840fb977d0ab0ce343c94-1","templateUuid":"1f541396f99840fb977d0ab0ce343c94","name":"Weekly Top Contributor","description":"Contributors with best Editor's Picks every week","bigImgUrl":"https://static.tigerbbs.com/271475ceaf67d40016c8cfa16c08c8b3","smallImgUrl":"https://static.tigerbbs.com/5a6336061b9ba82ba9177c7ec476f5f2","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/TW/9000980585","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.06.26","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":2004},"crmLevel":6,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":185341038,"type":1,"supId":0,"prevId":0,"content":"AGC","text":"AGC","html":"AGC"}],"langContent":"EN"},{"id":185316655,"gmtCreate":1623633183977,"gmtModify":1704207333820,"author":{"id":"3556787208739110","authorId":"3556787208739110","authorIdStr":"3556787208739110","name":"Wapapapow","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3556787208739110"},"htmlText":"Ya","listText":"Ya","text":"Ya","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/185316655","repostId":1128243947,"repostType":4,"repost":{"id":"1128243947","pubTimestamp":1623625934,"share":"https://ttm.financial/m/news/1128243947?lang=&edition=fundamental","pubTime":"2021-06-14 07:12","market":"us","language":"en","title":"Grab CEO Confident SPAC Deal to Close by Year-End After Delay","url":"https://stock-news.laohu8.com/highlight/detail?id=1128243947","media":"Bloomberg","summary":"Company postponed its public debut because of financial audit\nCEO Tan doesn’t rule out secondary sto","content":"<ul>\n <li>Company postponed its public debut because of financial audit</li>\n <li>CEO Tan doesn’t rule out secondary stock listing in Singapore</li>\n</ul>\n<p>Grab Holdings Inc.&nbsp;Chief Executive Officer Anthony Tan said he’s confident the merger of the ride-hailing and food-delivery giant and a U.S. blank-check company will be completed by year-end, following a delay caused by a review of its financials.</p>\n<p>The Singapore-based startup last week&nbsp;postponed&nbsp;the expected completion of the deal with&nbsp;Altimeter Growth Corp.-- set to be one of the largest-ever mergers with a special purpose acquisition company -- to the fourth quarter as it works on an audit of the past three years. When announcing thepactin April, Grab said in an&nbsp;investor presentation&nbsp;its completion target was July.</p>\n<p>“We decided to be proactive,” Tan said in an interview with Bloomberg Television. “We wanted to set the bar in transparent financial reporting. It may have taken a little longer than we expected.”</p>\n<p>Grab, which operates across Southeast Asia, is the latest company to be affected by intensifying scrutiny from U.S. financial regulators on deals involving SPACs. After a frenzy of listings, the SPAC market has been hit by a crackdown by the&nbsp;U.S. Securities and Exchange Commission&nbsp;as well as lawsuits from shareholders, falling stock prices and delays in planned listings.</p>\n<p>The SEC’s scrutiny on how accounting rules apply to a key element of blank-check companies has prompted restatement filings. The regulator has said that SPACs may need to account for warrants -- securities issued to early investors -- as liabilities, rather than as equity.</p>\n<p>Tan, 39, declined to comment when asked if he expects any major restatements by Grab following the financial audit.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/01bb3ebf179485a3d6dd7360f84e98f2\" tg-width=\"2000\" tg-height=\"1334\"><span>Anthony TanPhotographer: Akio Kon/Bloomberg</span></p>\n<p>He didn’t rule out a secondary listing in Grab’s home market of Singapore, saying the company considers all options. But he said Grab is “laser-focused” on the Nasdaq listing via the Altimeter merger that values the combination at about $40 billion.</p>\n<p>The CEO said Grab considered a traditional initial public offering, but opted for a deal with Brad Gerstner’s Altimeter after seeing the commitment by the SPAC partner. Altimeter has committed to a three-year lock-up period.</p>\n<p>“They put their money where their mouth is,” he said.</p>\n<p>Some analysts have questioned Grab’s targeted valuation. Matthew Kanterman, an analyst with Bloomberg Intelligence,calculatesthat Grab’s enterprise value-to-sales ratio is more than double those of ride-sharing peers Uber Technologies Inc. and Lyft Inc., “giving it scant wiggle room for missteps.”</p>\n<p>When asked if the $40 billion valuation may be too stretched, Tan declined to give a direct answer.</p>\n<p>“We are just excited about the region,” a large market for digital services, he said. “We are excited that Grab is an early one to represent Southeast Asia on a global stage.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Grab CEO Confident SPAC Deal to Close by Year-End After Delay</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGrab CEO Confident SPAC Deal to Close by Year-End After Delay\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-14 07:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-13/grab-ceo-confident-spac-deal-to-close-by-year-end-after-delay?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Company postponed its public debut because of financial audit\nCEO Tan doesn’t rule out secondary stock listing in Singapore\n\nGrab Holdings Inc. Chief Executive Officer Anthony Tan said he’s confident ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-13/grab-ceo-confident-spac-deal-to-close-by-year-end-after-delay?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-06-13/grab-ceo-confident-spac-deal-to-close-by-year-end-after-delay?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128243947","content_text":"Company postponed its public debut because of financial audit\nCEO Tan doesn’t rule out secondary stock listing in Singapore\n\nGrab Holdings Inc. Chief Executive Officer Anthony Tan said he’s confident the merger of the ride-hailing and food-delivery giant and a U.S. blank-check company will be completed by year-end, following a delay caused by a review of its financials.\nThe Singapore-based startup last week postponed the expected completion of the deal with Altimeter Growth Corp.-- set to be one of the largest-ever mergers with a special purpose acquisition company -- to the fourth quarter as it works on an audit of the past three years. When announcing thepactin April, Grab said in an investor presentation its completion target was July.\n“We decided to be proactive,” Tan said in an interview with Bloomberg Television. “We wanted to set the bar in transparent financial reporting. It may have taken a little longer than we expected.”\nGrab, which operates across Southeast Asia, is the latest company to be affected by intensifying scrutiny from U.S. financial regulators on deals involving SPACs. After a frenzy of listings, the SPAC market has been hit by a crackdown by the U.S. Securities and Exchange Commission as well as lawsuits from shareholders, falling stock prices and delays in planned listings.\nThe SEC’s scrutiny on how accounting rules apply to a key element of blank-check companies has prompted restatement filings. The regulator has said that SPACs may need to account for warrants -- securities issued to early investors -- as liabilities, rather than as equity.\nTan, 39, declined to comment when asked if he expects any major restatements by Grab following the financial audit.\nAnthony TanPhotographer: Akio Kon/Bloomberg\nHe didn’t rule out a secondary listing in Grab’s home market of Singapore, saying the company considers all options. But he said Grab is “laser-focused” on the Nasdaq listing via the Altimeter merger that values the combination at about $40 billion.\nThe CEO said Grab considered a traditional initial public offering, but opted for a deal with Brad Gerstner’s Altimeter after seeing the commitment by the SPAC partner. Altimeter has committed to a three-year lock-up period.\n“They put their money where their mouth is,” he said.\nSome analysts have questioned Grab’s targeted valuation. Matthew Kanterman, an analyst with Bloomberg Intelligence,calculatesthat Grab’s enterprise value-to-sales ratio is more than double those of ride-sharing peers Uber Technologies Inc. and Lyft Inc., “giving it scant wiggle room for missteps.”\nWhen asked if the $40 billion valuation may be too stretched, Tan declined to give a direct answer.\n“We are just excited about the region,” a large market for digital services, he said. “We are excited that Grab is an early one to represent Southeast Asia on a global stage.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4737411,"gmtCreate":1623633211845,"gmtModify":1663228700244,"authorId":3556787208739110,"author":{"id":3556787208739110,"authorId":3556787208739110,"name":"Wapapapow","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":185316655,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"}],"langContent":"EN"},{"id":185975138,"gmtCreate":1623632032324,"gmtModify":1704207280384,"author":{"id":"3583732088443383","authorId":"3583732088443383","authorIdStr":"3583732088443383","name":"TanHL","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3583732088443383"},"htmlText":"Monitor closely","listText":"Monitor closely","text":"Monitor closely","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/185975138","repostId":1128243947,"repostType":4,"repost":{"id":"1128243947","pubTimestamp":1623625934,"share":"https://ttm.financial/m/news/1128243947?lang=&edition=fundamental","pubTime":"2021-06-14 07:12","market":"us","language":"en","title":"Grab CEO Confident SPAC Deal to Close by Year-End After Delay","url":"https://stock-news.laohu8.com/highlight/detail?id=1128243947","media":"Bloomberg","summary":"Company postponed its public debut because of financial audit\nCEO Tan doesn’t rule out secondary sto","content":"<ul>\n <li>Company postponed its public debut because of financial audit</li>\n <li>CEO Tan doesn’t rule out secondary stock listing in Singapore</li>\n</ul>\n<p>Grab Holdings Inc.&nbsp;Chief Executive Officer Anthony Tan said he’s confident the merger of the ride-hailing and food-delivery giant and a U.S. blank-check company will be completed by year-end, following a delay caused by a review of its financials.</p>\n<p>The Singapore-based startup last week&nbsp;postponed&nbsp;the expected completion of the deal with&nbsp;Altimeter Growth Corp.-- set to be one of the largest-ever mergers with a special purpose acquisition company -- to the fourth quarter as it works on an audit of the past three years. When announcing thepactin April, Grab said in an&nbsp;investor presentation&nbsp;its completion target was July.</p>\n<p>“We decided to be proactive,” Tan said in an interview with Bloomberg Television. “We wanted to set the bar in transparent financial reporting. It may have taken a little longer than we expected.”</p>\n<p>Grab, which operates across Southeast Asia, is the latest company to be affected by intensifying scrutiny from U.S. financial regulators on deals involving SPACs. After a frenzy of listings, the SPAC market has been hit by a crackdown by the&nbsp;U.S. Securities and Exchange Commission&nbsp;as well as lawsuits from shareholders, falling stock prices and delays in planned listings.</p>\n<p>The SEC’s scrutiny on how accounting rules apply to a key element of blank-check companies has prompted restatement filings. The regulator has said that SPACs may need to account for warrants -- securities issued to early investors -- as liabilities, rather than as equity.</p>\n<p>Tan, 39, declined to comment when asked if he expects any major restatements by Grab following the financial audit.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/01bb3ebf179485a3d6dd7360f84e98f2\" tg-width=\"2000\" tg-height=\"1334\"><span>Anthony TanPhotographer: Akio Kon/Bloomberg</span></p>\n<p>He didn’t rule out a secondary listing in Grab’s home market of Singapore, saying the company considers all options. But he said Grab is “laser-focused” on the Nasdaq listing via the Altimeter merger that values the combination at about $40 billion.</p>\n<p>The CEO said Grab considered a traditional initial public offering, but opted for a deal with Brad Gerstner’s Altimeter after seeing the commitment by the SPAC partner. Altimeter has committed to a three-year lock-up period.</p>\n<p>“They put their money where their mouth is,” he said.</p>\n<p>Some analysts have questioned Grab’s targeted valuation. Matthew Kanterman, an analyst with Bloomberg Intelligence,calculatesthat Grab’s enterprise value-to-sales ratio is more than double those of ride-sharing peers Uber Technologies Inc. and Lyft Inc., “giving it scant wiggle room for missteps.”</p>\n<p>When asked if the $40 billion valuation may be too stretched, Tan declined to give a direct answer.</p>\n<p>“We are just excited about the region,” a large market for digital services, he said. “We are excited that Grab is an early one to represent Southeast Asia on a global stage.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Grab CEO Confident SPAC Deal to Close by Year-End After Delay</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGrab CEO Confident SPAC Deal to Close by Year-End After Delay\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-14 07:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-13/grab-ceo-confident-spac-deal-to-close-by-year-end-after-delay?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Company postponed its public debut because of financial audit\nCEO Tan doesn’t rule out secondary stock listing in Singapore\n\nGrab Holdings Inc. Chief Executive Officer Anthony Tan said he’s confident ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-13/grab-ceo-confident-spac-deal-to-close-by-year-end-after-delay?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-06-13/grab-ceo-confident-spac-deal-to-close-by-year-end-after-delay?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128243947","content_text":"Company postponed its public debut because of financial audit\nCEO Tan doesn’t rule out secondary stock listing in Singapore\n\nGrab Holdings Inc. Chief Executive Officer Anthony Tan said he’s confident the merger of the ride-hailing and food-delivery giant and a U.S. blank-check company will be completed by year-end, following a delay caused by a review of its financials.\nThe Singapore-based startup last week postponed the expected completion of the deal with Altimeter Growth Corp.-- set to be one of the largest-ever mergers with a special purpose acquisition company -- to the fourth quarter as it works on an audit of the past three years. When announcing thepactin April, Grab said in an investor presentation its completion target was July.\n“We decided to be proactive,” Tan said in an interview with Bloomberg Television. “We wanted to set the bar in transparent financial reporting. It may have taken a little longer than we expected.”\nGrab, which operates across Southeast Asia, is the latest company to be affected by intensifying scrutiny from U.S. financial regulators on deals involving SPACs. After a frenzy of listings, the SPAC market has been hit by a crackdown by the U.S. Securities and Exchange Commission as well as lawsuits from shareholders, falling stock prices and delays in planned listings.\nThe SEC’s scrutiny on how accounting rules apply to a key element of blank-check companies has prompted restatement filings. The regulator has said that SPACs may need to account for warrants -- securities issued to early investors -- as liabilities, rather than as equity.\nTan, 39, declined to comment when asked if he expects any major restatements by Grab following the financial audit.\nAnthony TanPhotographer: Akio Kon/Bloomberg\nHe didn’t rule out a secondary listing in Grab’s home market of Singapore, saying the company considers all options. But he said Grab is “laser-focused” on the Nasdaq listing via the Altimeter merger that values the combination at about $40 billion.\nThe CEO said Grab considered a traditional initial public offering, but opted for a deal with Brad Gerstner’s Altimeter after seeing the commitment by the SPAC partner. Altimeter has committed to a three-year lock-up period.\n“They put their money where their mouth is,” he said.\nSome analysts have questioned Grab’s targeted valuation. Matthew Kanterman, an analyst with Bloomberg Intelligence,calculatesthat Grab’s enterprise value-to-sales ratio is more than double those of ride-sharing peers Uber Technologies Inc. and Lyft Inc., “giving it scant wiggle room for missteps.”\nWhen asked if the $40 billion valuation may be too stretched, Tan declined to give a direct answer.\n“We are just excited about the region,” a large market for digital services, he said. “We are excited that Grab is an early one to represent Southeast Asia on a global stage.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4738728,"gmtCreate":1623635952680,"gmtModify":1663228706629,"authorId":3557726007526502,"author":{"id":3557726007526502,"authorId":3557726007526502,"name":"koreanbbq","avatar":"https://static.tigerbbs.com/b19e88e22c0a47aa64943d9553ca07b3","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.04.13","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":185975138,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"},{"id":185922487,"gmtCreate":1623631113949,"gmtModify":1704207238795,"author":{"id":"3584605445020895","authorId":"3584605445020895","authorIdStr":"3584605445020895","name":"TNewbie","avatar":"https://static.tigerbbs.com/ca44d4173d09e7984437e8e20b69ca1f","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3584605445020895"},"htmlText":"Not sure if its a good investment tho","listText":"Not sure if its a good investment tho","text":"Not sure if its a good investment tho","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/185922487","repostId":1128243947,"repostType":4,"repost":{"id":"1128243947","pubTimestamp":1623625934,"share":"https://ttm.financial/m/news/1128243947?lang=&edition=fundamental","pubTime":"2021-06-14 07:12","market":"us","language":"en","title":"Grab CEO Confident SPAC Deal to Close by Year-End After Delay","url":"https://stock-news.laohu8.com/highlight/detail?id=1128243947","media":"Bloomberg","summary":"Company postponed its public debut because of financial audit\nCEO Tan doesn’t rule out secondary sto","content":"<ul>\n <li>Company postponed its public debut because of financial audit</li>\n <li>CEO Tan doesn’t rule out secondary stock listing in Singapore</li>\n</ul>\n<p>Grab Holdings Inc.&nbsp;Chief Executive Officer Anthony Tan said he’s confident the merger of the ride-hailing and food-delivery giant and a U.S. blank-check company will be completed by year-end, following a delay caused by a review of its financials.</p>\n<p>The Singapore-based startup last week&nbsp;postponed&nbsp;the expected completion of the deal with&nbsp;Altimeter Growth Corp.-- set to be one of the largest-ever mergers with a special purpose acquisition company -- to the fourth quarter as it works on an audit of the past three years. When announcing thepactin April, Grab said in an&nbsp;investor presentation&nbsp;its completion target was July.</p>\n<p>“We decided to be proactive,” Tan said in an interview with Bloomberg Television. “We wanted to set the bar in transparent financial reporting. It may have taken a little longer than we expected.”</p>\n<p>Grab, which operates across Southeast Asia, is the latest company to be affected by intensifying scrutiny from U.S. financial regulators on deals involving SPACs. After a frenzy of listings, the SPAC market has been hit by a crackdown by the&nbsp;U.S. Securities and Exchange Commission&nbsp;as well as lawsuits from shareholders, falling stock prices and delays in planned listings.</p>\n<p>The SEC’s scrutiny on how accounting rules apply to a key element of blank-check companies has prompted restatement filings. The regulator has said that SPACs may need to account for warrants -- securities issued to early investors -- as liabilities, rather than as equity.</p>\n<p>Tan, 39, declined to comment when asked if he expects any major restatements by Grab following the financial audit.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/01bb3ebf179485a3d6dd7360f84e98f2\" tg-width=\"2000\" tg-height=\"1334\"><span>Anthony TanPhotographer: Akio Kon/Bloomberg</span></p>\n<p>He didn’t rule out a secondary listing in Grab’s home market of Singapore, saying the company considers all options. But he said Grab is “laser-focused” on the Nasdaq listing via the Altimeter merger that values the combination at about $40 billion.</p>\n<p>The CEO said Grab considered a traditional initial public offering, but opted for a deal with Brad Gerstner’s Altimeter after seeing the commitment by the SPAC partner. Altimeter has committed to a three-year lock-up period.</p>\n<p>“They put their money where their mouth is,” he said.</p>\n<p>Some analysts have questioned Grab’s targeted valuation. Matthew Kanterman, an analyst with Bloomberg Intelligence,calculatesthat Grab’s enterprise value-to-sales ratio is more than double those of ride-sharing peers Uber Technologies Inc. and Lyft Inc., “giving it scant wiggle room for missteps.”</p>\n<p>When asked if the $40 billion valuation may be too stretched, Tan declined to give a direct answer.</p>\n<p>“We are just excited about the region,” a large market for digital services, he said. “We are excited that Grab is an early one to represent Southeast Asia on a global stage.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Grab CEO Confident SPAC Deal to Close by Year-End After Delay</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGrab CEO Confident SPAC Deal to Close by Year-End After Delay\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-14 07:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-13/grab-ceo-confident-spac-deal-to-close-by-year-end-after-delay?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Company postponed its public debut because of financial audit\nCEO Tan doesn’t rule out secondary stock listing in Singapore\n\nGrab Holdings Inc. Chief Executive Officer Anthony Tan said he’s confident ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-13/grab-ceo-confident-spac-deal-to-close-by-year-end-after-delay?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-06-13/grab-ceo-confident-spac-deal-to-close-by-year-end-after-delay?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128243947","content_text":"Company postponed its public debut because of financial audit\nCEO Tan doesn’t rule out secondary stock listing in Singapore\n\nGrab Holdings Inc. Chief Executive Officer Anthony Tan said he’s confident the merger of the ride-hailing and food-delivery giant and a U.S. blank-check company will be completed by year-end, following a delay caused by a review of its financials.\nThe Singapore-based startup last week postponed the expected completion of the deal with Altimeter Growth Corp.-- set to be one of the largest-ever mergers with a special purpose acquisition company -- to the fourth quarter as it works on an audit of the past three years. When announcing thepactin April, Grab said in an investor presentation its completion target was July.\n“We decided to be proactive,” Tan said in an interview with Bloomberg Television. “We wanted to set the bar in transparent financial reporting. It may have taken a little longer than we expected.”\nGrab, which operates across Southeast Asia, is the latest company to be affected by intensifying scrutiny from U.S. financial regulators on deals involving SPACs. After a frenzy of listings, the SPAC market has been hit by a crackdown by the U.S. Securities and Exchange Commission as well as lawsuits from shareholders, falling stock prices and delays in planned listings.\nThe SEC’s scrutiny on how accounting rules apply to a key element of blank-check companies has prompted restatement filings. The regulator has said that SPACs may need to account for warrants -- securities issued to early investors -- as liabilities, rather than as equity.\nTan, 39, declined to comment when asked if he expects any major restatements by Grab following the financial audit.\nAnthony TanPhotographer: Akio Kon/Bloomberg\nHe didn’t rule out a secondary listing in Grab’s home market of Singapore, saying the company considers all options. But he said Grab is “laser-focused” on the Nasdaq listing via the Altimeter merger that values the combination at about $40 billion.\nThe CEO said Grab considered a traditional initial public offering, but opted for a deal with Brad Gerstner’s Altimeter after seeing the commitment by the SPAC partner. Altimeter has committed to a three-year lock-up period.\n“They put their money where their mouth is,” he said.\nSome analysts have questioned Grab’s targeted valuation. Matthew Kanterman, an analyst with Bloomberg Intelligence,calculatesthat Grab’s enterprise value-to-sales ratio is more than double those of ride-sharing peers Uber Technologies Inc. and Lyft Inc., “giving it scant wiggle room for missteps.”\nWhen asked if the $40 billion valuation may be too stretched, Tan declined to give a direct answer.\n“We are just excited about the region,” a large market for digital services, he said. “We are excited that Grab is an early one to represent Southeast Asia on a global stage.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":185920115,"gmtCreate":1623630959937,"gmtModify":1704207229825,"author":{"id":"3569316529855154","authorId":"3569316529855154","authorIdStr":"3569316529855154","name":"Deonc","avatar":"https://static.tigerbbs.com/d9aa45dd2eb58357f6477dcfb99d1415","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"3569316529855154"},"htmlText":"Alright, what your plan?","listText":"Alright, what your plan?","text":"Alright, what your plan?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/185920115","repostId":1128243947,"repostType":2,"repost":{"id":"1128243947","pubTimestamp":1623625934,"share":"https://ttm.financial/m/news/1128243947?lang=&edition=fundamental","pubTime":"2021-06-14 07:12","market":"us","language":"en","title":"Grab CEO Confident SPAC Deal to Close by Year-End After Delay","url":"https://stock-news.laohu8.com/highlight/detail?id=1128243947","media":"Bloomberg","summary":"Company postponed its public debut because of financial audit\nCEO Tan doesn’t rule out secondary sto","content":"<ul>\n <li>Company postponed its public debut because of financial audit</li>\n <li>CEO Tan doesn’t rule out secondary stock listing in Singapore</li>\n</ul>\n<p>Grab Holdings Inc.&nbsp;Chief Executive Officer Anthony Tan said he’s confident the merger of the ride-hailing and food-delivery giant and a U.S. blank-check company will be completed by year-end, following a delay caused by a review of its financials.</p>\n<p>The Singapore-based startup last week&nbsp;postponed&nbsp;the expected completion of the deal with&nbsp;Altimeter Growth Corp.-- set to be one of the largest-ever mergers with a special purpose acquisition company -- to the fourth quarter as it works on an audit of the past three years. When announcing thepactin April, Grab said in an&nbsp;investor presentation&nbsp;its completion target was July.</p>\n<p>“We decided to be proactive,” Tan said in an interview with Bloomberg Television. “We wanted to set the bar in transparent financial reporting. It may have taken a little longer than we expected.”</p>\n<p>Grab, which operates across Southeast Asia, is the latest company to be affected by intensifying scrutiny from U.S. financial regulators on deals involving SPACs. After a frenzy of listings, the SPAC market has been hit by a crackdown by the&nbsp;U.S. Securities and Exchange Commission&nbsp;as well as lawsuits from shareholders, falling stock prices and delays in planned listings.</p>\n<p>The SEC’s scrutiny on how accounting rules apply to a key element of blank-check companies has prompted restatement filings. The regulator has said that SPACs may need to account for warrants -- securities issued to early investors -- as liabilities, rather than as equity.</p>\n<p>Tan, 39, declined to comment when asked if he expects any major restatements by Grab following the financial audit.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/01bb3ebf179485a3d6dd7360f84e98f2\" tg-width=\"2000\" tg-height=\"1334\"><span>Anthony TanPhotographer: Akio Kon/Bloomberg</span></p>\n<p>He didn’t rule out a secondary listing in Grab’s home market of Singapore, saying the company considers all options. But he said Grab is “laser-focused” on the Nasdaq listing via the Altimeter merger that values the combination at about $40 billion.</p>\n<p>The CEO said Grab considered a traditional initial public offering, but opted for a deal with Brad Gerstner’s Altimeter after seeing the commitment by the SPAC partner. Altimeter has committed to a three-year lock-up period.</p>\n<p>“They put their money where their mouth is,” he said.</p>\n<p>Some analysts have questioned Grab’s targeted valuation. Matthew Kanterman, an analyst with Bloomberg Intelligence,calculatesthat Grab’s enterprise value-to-sales ratio is more than double those of ride-sharing peers Uber Technologies Inc. and Lyft Inc., “giving it scant wiggle room for missteps.”</p>\n<p>When asked if the $40 billion valuation may be too stretched, Tan declined to give a direct answer.</p>\n<p>“We are just excited about the region,” a large market for digital services, he said. “We are excited that Grab is an early one to represent Southeast Asia on a global stage.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Grab CEO Confident SPAC Deal to Close by Year-End After Delay</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGrab CEO Confident SPAC Deal to Close by Year-End After Delay\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-14 07:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-13/grab-ceo-confident-spac-deal-to-close-by-year-end-after-delay?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Company postponed its public debut because of financial audit\nCEO Tan doesn’t rule out secondary stock listing in Singapore\n\nGrab Holdings Inc. Chief Executive Officer Anthony Tan said he’s confident ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-13/grab-ceo-confident-spac-deal-to-close-by-year-end-after-delay?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-06-13/grab-ceo-confident-spac-deal-to-close-by-year-end-after-delay?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128243947","content_text":"Company postponed its public debut because of financial audit\nCEO Tan doesn’t rule out secondary stock listing in Singapore\n\nGrab Holdings Inc. Chief Executive Officer Anthony Tan said he’s confident the merger of the ride-hailing and food-delivery giant and a U.S. blank-check company will be completed by year-end, following a delay caused by a review of its financials.\nThe Singapore-based startup last week postponed the expected completion of the deal with Altimeter Growth Corp.-- set to be one of the largest-ever mergers with a special purpose acquisition company -- to the fourth quarter as it works on an audit of the past three years. When announcing thepactin April, Grab said in an investor presentation its completion target was July.\n“We decided to be proactive,” Tan said in an interview with Bloomberg Television. “We wanted to set the bar in transparent financial reporting. It may have taken a little longer than we expected.”\nGrab, which operates across Southeast Asia, is the latest company to be affected by intensifying scrutiny from U.S. financial regulators on deals involving SPACs. After a frenzy of listings, the SPAC market has been hit by a crackdown by the U.S. Securities and Exchange Commission as well as lawsuits from shareholders, falling stock prices and delays in planned listings.\nThe SEC’s scrutiny on how accounting rules apply to a key element of blank-check companies has prompted restatement filings. The regulator has said that SPACs may need to account for warrants -- securities issued to early investors -- as liabilities, rather than as equity.\nTan, 39, declined to comment when asked if he expects any major restatements by Grab following the financial audit.\nAnthony TanPhotographer: Akio Kon/Bloomberg\nHe didn’t rule out a secondary listing in Grab’s home market of Singapore, saying the company considers all options. But he said Grab is “laser-focused” on the Nasdaq listing via the Altimeter merger that values the combination at about $40 billion.\nThe CEO said Grab considered a traditional initial public offering, but opted for a deal with Brad Gerstner’s Altimeter after seeing the commitment by the SPAC partner. Altimeter has committed to a three-year lock-up period.\n“They put their money where their mouth is,” he said.\nSome analysts have questioned Grab’s targeted valuation. Matthew Kanterman, an analyst with Bloomberg Intelligence,calculatesthat Grab’s enterprise value-to-sales ratio is more than double those of ride-sharing peers Uber Technologies Inc. and Lyft Inc., “giving it scant wiggle room for missteps.”\nWhen asked if the $40 billion valuation may be too stretched, Tan declined to give a direct answer.\n“We are just excited about the region,” a large market for digital services, he said. “We are excited that Grab is an early one to represent Southeast Asia on a global stage.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4739254,"gmtCreate":1623636833760,"gmtModify":1663228708945,"authorId":3569316529855154,"author":{"id":3569316529855154,"authorId":3569316529855154,"name":"Deonc","avatar":"https://static.tigerbbs.com/d9aa45dd2eb58357f6477dcfb99d1415","vip":1,"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Have published 3 or more picked posts, and have published at least one picked post and participated in comments within 30 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comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/185961910","repostId":1128243947,"repostType":4,"repost":{"id":"1128243947","pubTimestamp":1623625934,"share":"https://ttm.financial/m/news/1128243947?lang=&edition=fundamental","pubTime":"2021-06-14 07:12","market":"us","language":"en","title":"Grab CEO Confident SPAC Deal to Close by Year-End After Delay","url":"https://stock-news.laohu8.com/highlight/detail?id=1128243947","media":"Bloomberg","summary":"Company postponed its public debut because of financial audit\nCEO Tan doesn’t rule out secondary sto","content":"<ul>\n <li>Company postponed its public debut because of financial audit</li>\n <li>CEO Tan doesn’t rule out secondary stock listing in Singapore</li>\n</ul>\n<p>Grab Holdings Inc.&nbsp;Chief Executive Officer Anthony Tan said he’s confident the merger of the ride-hailing and food-delivery giant and a U.S. blank-check company will be completed by year-end, following a delay caused by a review of its financials.</p>\n<p>The Singapore-based startup last week&nbsp;postponed&nbsp;the expected completion of the deal with&nbsp;Altimeter Growth Corp.-- set to be one of the largest-ever mergers with a special purpose acquisition company -- to the fourth quarter as it works on an audit of the past three years. When announcing thepactin April, Grab said in an&nbsp;investor presentation&nbsp;its completion target was July.</p>\n<p>“We decided to be proactive,” Tan said in an interview with Bloomberg Television. “We wanted to set the bar in transparent financial reporting. It may have taken a little longer than we expected.”</p>\n<p>Grab, which operates across Southeast Asia, is the latest company to be affected by intensifying scrutiny from U.S. financial regulators on deals involving SPACs. After a frenzy of listings, the SPAC market has been hit by a crackdown by the&nbsp;U.S. Securities and Exchange Commission&nbsp;as well as lawsuits from shareholders, falling stock prices and delays in planned listings.</p>\n<p>The SEC’s scrutiny on how accounting rules apply to a key element of blank-check companies has prompted restatement filings. The regulator has said that SPACs may need to account for warrants -- securities issued to early investors -- as liabilities, rather than as equity.</p>\n<p>Tan, 39, declined to comment when asked if he expects any major restatements by Grab following the financial audit.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/01bb3ebf179485a3d6dd7360f84e98f2\" tg-width=\"2000\" tg-height=\"1334\"><span>Anthony TanPhotographer: Akio Kon/Bloomberg</span></p>\n<p>He didn’t rule out a secondary listing in Grab’s home market of Singapore, saying the company considers all options. But he said Grab is “laser-focused” on the Nasdaq listing via the Altimeter merger that values the combination at about $40 billion.</p>\n<p>The CEO said Grab considered a traditional initial public offering, but opted for a deal with Brad Gerstner’s Altimeter after seeing the commitment by the SPAC partner. Altimeter has committed to a three-year lock-up period.</p>\n<p>“They put their money where their mouth is,” he said.</p>\n<p>Some analysts have questioned Grab’s targeted valuation. Matthew Kanterman, an analyst with Bloomberg Intelligence,calculatesthat Grab’s enterprise value-to-sales ratio is more than double those of ride-sharing peers Uber Technologies Inc. and Lyft Inc., “giving it scant wiggle room for missteps.”</p>\n<p>When asked if the $40 billion valuation may be too stretched, Tan declined to give a direct answer.</p>\n<p>“We are just excited about the region,” a large market for digital services, he said. “We are excited that Grab is an early one to represent Southeast Asia on a global stage.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Grab CEO Confident SPAC Deal to Close by Year-End After Delay</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGrab CEO Confident SPAC Deal to Close by Year-End After Delay\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-14 07:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-13/grab-ceo-confident-spac-deal-to-close-by-year-end-after-delay?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Company postponed its public debut because of financial audit\nCEO Tan doesn’t rule out secondary stock listing in Singapore\n\nGrab Holdings Inc. Chief Executive Officer Anthony Tan said he’s confident ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-13/grab-ceo-confident-spac-deal-to-close-by-year-end-after-delay?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-06-13/grab-ceo-confident-spac-deal-to-close-by-year-end-after-delay?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128243947","content_text":"Company postponed its public debut because of financial audit\nCEO Tan doesn’t rule out secondary stock listing in Singapore\n\nGrab Holdings Inc. Chief Executive Officer Anthony Tan said he’s confident the merger of the ride-hailing and food-delivery giant and a U.S. blank-check company will be completed by year-end, following a delay caused by a review of its financials.\nThe Singapore-based startup last week postponed the expected completion of the deal with Altimeter Growth Corp.-- set to be one of the largest-ever mergers with a special purpose acquisition company -- to the fourth quarter as it works on an audit of the past three years. When announcing thepactin April, Grab said in an investor presentation its completion target was July.\n“We decided to be proactive,” Tan said in an interview with Bloomberg Television. “We wanted to set the bar in transparent financial reporting. It may have taken a little longer than we expected.”\nGrab, which operates across Southeast Asia, is the latest company to be affected by intensifying scrutiny from U.S. financial regulators on deals involving SPACs. After a frenzy of listings, the SPAC market has been hit by a crackdown by the U.S. Securities and Exchange Commission as well as lawsuits from shareholders, falling stock prices and delays in planned listings.\nThe SEC’s scrutiny on how accounting rules apply to a key element of blank-check companies has prompted restatement filings. The regulator has said that SPACs may need to account for warrants -- securities issued to early investors -- as liabilities, rather than as equity.\nTan, 39, declined to comment when asked if he expects any major restatements by Grab following the financial audit.\nAnthony TanPhotographer: Akio Kon/Bloomberg\nHe didn’t rule out a secondary listing in Grab’s home market of Singapore, saying the company considers all options. But he said Grab is “laser-focused” on the Nasdaq listing via the Altimeter merger that values the combination at about $40 billion.\nThe CEO said Grab considered a traditional initial public offering, but opted for a deal with Brad Gerstner’s Altimeter after seeing the commitment by the SPAC partner. Altimeter has committed to a three-year lock-up period.\n“They put their money where their mouth is,” he said.\nSome analysts have questioned Grab’s targeted valuation. Matthew Kanterman, an analyst with Bloomberg Intelligence,calculatesthat Grab’s enterprise value-to-sales ratio is more than double those of ride-sharing peers Uber Technologies Inc. and Lyft Inc., “giving it scant wiggle room for missteps.”\nWhen asked if the $40 billion valuation may be too stretched, Tan declined to give a direct answer.\n“We are just excited about the region,” a large market for digital services, he said. “We are excited that Grab is an early one to represent Southeast Asia on a global stage.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4742389,"gmtCreate":1623646248108,"gmtModify":1663228723146,"authorId":3567832114052050,"author":{"id":3567832114052050,"authorId":3567832114052050,"name":"NCM","avatar":"https://static.tigerbbs.com/bd72c39fd9a998a91f641828e572613e","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":185961910,"type":1,"supId":0,"prevId":0,"content":"ok","text":"ok","html":"ok"}],"langContent":"EN"},{"id":185931171,"gmtCreate":1623629814593,"gmtModify":1704207181800,"author":{"id":"3581582691031963","authorId":"3581582691031963","authorIdStr":"3581582691031963","name":"mantaru","avatar":"https://static.tigerbbs.com/d383ec25018126b5add320ac3acf90aa","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581582691031963"},"htmlText":"Shld we be getting the altimeter shares now?","listText":"Shld we be getting the altimeter shares now?","text":"Shld we be getting the altimeter shares now?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/185931171","repostId":1128243947,"repostType":2,"repost":{"id":"1128243947","pubTimestamp":1623625934,"share":"https://ttm.financial/m/news/1128243947?lang=&edition=fundamental","pubTime":"2021-06-14 07:12","market":"us","language":"en","title":"Grab CEO Confident SPAC Deal to Close by Year-End After Delay","url":"https://stock-news.laohu8.com/highlight/detail?id=1128243947","media":"Bloomberg","summary":"Company postponed its public debut because of financial audit\nCEO Tan doesn’t rule out secondary sto","content":"<ul>\n <li>Company postponed its public debut because of financial audit</li>\n <li>CEO Tan doesn’t rule out secondary stock listing in Singapore</li>\n</ul>\n<p>Grab Holdings Inc.&nbsp;Chief Executive Officer Anthony Tan said he’s confident the merger of the ride-hailing and food-delivery giant and a U.S. blank-check company will be completed by year-end, following a delay caused by a review of its financials.</p>\n<p>The Singapore-based startup last week&nbsp;postponed&nbsp;the expected completion of the deal with&nbsp;Altimeter Growth Corp.-- set to be one of the largest-ever mergers with a special purpose acquisition company -- to the fourth quarter as it works on an audit of the past three years. When announcing thepactin April, Grab said in an&nbsp;investor presentation&nbsp;its completion target was July.</p>\n<p>“We decided to be proactive,” Tan said in an interview with Bloomberg Television. “We wanted to set the bar in transparent financial reporting. It may have taken a little longer than we expected.”</p>\n<p>Grab, which operates across Southeast Asia, is the latest company to be affected by intensifying scrutiny from U.S. financial regulators on deals involving SPACs. After a frenzy of listings, the SPAC market has been hit by a crackdown by the&nbsp;U.S. Securities and Exchange Commission&nbsp;as well as lawsuits from shareholders, falling stock prices and delays in planned listings.</p>\n<p>The SEC’s scrutiny on how accounting rules apply to a key element of blank-check companies has prompted restatement filings. The regulator has said that SPACs may need to account for warrants -- securities issued to early investors -- as liabilities, rather than as equity.</p>\n<p>Tan, 39, declined to comment when asked if he expects any major restatements by Grab following the financial audit.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/01bb3ebf179485a3d6dd7360f84e98f2\" tg-width=\"2000\" tg-height=\"1334\"><span>Anthony TanPhotographer: Akio Kon/Bloomberg</span></p>\n<p>He didn’t rule out a secondary listing in Grab’s home market of Singapore, saying the company considers all options. But he said Grab is “laser-focused” on the Nasdaq listing via the Altimeter merger that values the combination at about $40 billion.</p>\n<p>The CEO said Grab considered a traditional initial public offering, but opted for a deal with Brad Gerstner’s Altimeter after seeing the commitment by the SPAC partner. Altimeter has committed to a three-year lock-up period.</p>\n<p>“They put their money where their mouth is,” he said.</p>\n<p>Some analysts have questioned Grab’s targeted valuation. Matthew Kanterman, an analyst with Bloomberg Intelligence,calculatesthat Grab’s enterprise value-to-sales ratio is more than double those of ride-sharing peers Uber Technologies Inc. and Lyft Inc., “giving it scant wiggle room for missteps.”</p>\n<p>When asked if the $40 billion valuation may be too stretched, Tan declined to give a direct answer.</p>\n<p>“We are just excited about the region,” a large market for digital services, he said. “We are excited that Grab is an early one to represent Southeast Asia on a global stage.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Grab CEO Confident SPAC Deal to Close by Year-End After Delay</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGrab CEO Confident SPAC Deal to Close by Year-End After Delay\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-14 07:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-13/grab-ceo-confident-spac-deal-to-close-by-year-end-after-delay?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Company postponed its public debut because of financial audit\nCEO Tan doesn’t rule out secondary stock listing in Singapore\n\nGrab Holdings Inc. Chief Executive Officer Anthony Tan said he’s confident ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-13/grab-ceo-confident-spac-deal-to-close-by-year-end-after-delay?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-06-13/grab-ceo-confident-spac-deal-to-close-by-year-end-after-delay?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128243947","content_text":"Company postponed its public debut because of financial audit\nCEO Tan doesn’t rule out secondary stock listing in Singapore\n\nGrab Holdings Inc. Chief Executive Officer Anthony Tan said he’s confident the merger of the ride-hailing and food-delivery giant and a U.S. blank-check company will be completed by year-end, following a delay caused by a review of its financials.\nThe Singapore-based startup last week postponed the expected completion of the deal with Altimeter Growth Corp.-- set to be one of the largest-ever mergers with a special purpose acquisition company -- to the fourth quarter as it works on an audit of the past three years. When announcing thepactin April, Grab said in an investor presentation its completion target was July.\n“We decided to be proactive,” Tan said in an interview with Bloomberg Television. “We wanted to set the bar in transparent financial reporting. It may have taken a little longer than we expected.”\nGrab, which operates across Southeast Asia, is the latest company to be affected by intensifying scrutiny from U.S. financial regulators on deals involving SPACs. After a frenzy of listings, the SPAC market has been hit by a crackdown by the U.S. Securities and Exchange Commission as well as lawsuits from shareholders, falling stock prices and delays in planned listings.\nThe SEC’s scrutiny on how accounting rules apply to a key element of blank-check companies has prompted restatement filings. The regulator has said that SPACs may need to account for warrants -- securities issued to early investors -- as liabilities, rather than as equity.\nTan, 39, declined to comment when asked if he expects any major restatements by Grab following the financial audit.\nAnthony TanPhotographer: Akio Kon/Bloomberg\nHe didn’t rule out a secondary listing in Grab’s home market of Singapore, saying the company considers all options. But he said Grab is “laser-focused” on the Nasdaq listing via the Altimeter merger that values the combination at about $40 billion.\nThe CEO said Grab considered a traditional initial public offering, but opted for a deal with Brad Gerstner’s Altimeter after seeing the commitment by the SPAC partner. Altimeter has committed to a three-year lock-up period.\n“They put their money where their mouth is,” he said.\nSome analysts have questioned Grab’s targeted valuation. Matthew Kanterman, an analyst with Bloomberg Intelligence,calculatesthat Grab’s enterprise value-to-sales ratio is more than double those of ride-sharing peers Uber Technologies Inc. and Lyft Inc., “giving it scant wiggle room for missteps.”\nWhen asked if the $40 billion valuation may be too stretched, Tan declined to give a direct answer.\n“We are just excited about the region,” a large market for digital services, he said. “We are excited that Grab is an early one to represent Southeast Asia on a global stage.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":185078061,"gmtCreate":1623628862853,"gmtModify":1704207146614,"author":{"id":"3555214777256239","authorId":"3555214777256239","authorIdStr":"3555214777256239","name":"nananan","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3555214777256239"},"htmlText":"Why is it compared to uber?Should be compared to tencent/alibaba.","listText":"Why is it compared to uber?Should be compared to tencent/alibaba.","text":"Why is it compared to uber?Should be compared to tencent/alibaba.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/185078061","repostId":1128243947,"repostType":4,"repost":{"id":"1128243947","pubTimestamp":1623625934,"share":"https://ttm.financial/m/news/1128243947?lang=&edition=fundamental","pubTime":"2021-06-14 07:12","market":"us","language":"en","title":"Grab CEO Confident SPAC Deal to Close by Year-End After Delay","url":"https://stock-news.laohu8.com/highlight/detail?id=1128243947","media":"Bloomberg","summary":"Company postponed its public debut because of financial audit\nCEO Tan doesn’t rule out secondary sto","content":"<ul>\n <li>Company postponed its public debut because of financial audit</li>\n <li>CEO Tan doesn’t rule out secondary stock listing in Singapore</li>\n</ul>\n<p>Grab Holdings Inc.&nbsp;Chief Executive Officer Anthony Tan said he’s confident the merger of the ride-hailing and food-delivery giant and a U.S. blank-check company will be completed by year-end, following a delay caused by a review of its financials.</p>\n<p>The Singapore-based startup last week&nbsp;postponed&nbsp;the expected completion of the deal with&nbsp;Altimeter Growth Corp.-- set to be one of the largest-ever mergers with a special purpose acquisition company -- to the fourth quarter as it works on an audit of the past three years. When announcing thepactin April, Grab said in an&nbsp;investor presentation&nbsp;its completion target was July.</p>\n<p>“We decided to be proactive,” Tan said in an interview with Bloomberg Television. “We wanted to set the bar in transparent financial reporting. It may have taken a little longer than we expected.”</p>\n<p>Grab, which operates across Southeast Asia, is the latest company to be affected by intensifying scrutiny from U.S. financial regulators on deals involving SPACs. After a frenzy of listings, the SPAC market has been hit by a crackdown by the&nbsp;U.S. Securities and Exchange Commission&nbsp;as well as lawsuits from shareholders, falling stock prices and delays in planned listings.</p>\n<p>The SEC’s scrutiny on how accounting rules apply to a key element of blank-check companies has prompted restatement filings. The regulator has said that SPACs may need to account for warrants -- securities issued to early investors -- as liabilities, rather than as equity.</p>\n<p>Tan, 39, declined to comment when asked if he expects any major restatements by Grab following the financial audit.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/01bb3ebf179485a3d6dd7360f84e98f2\" tg-width=\"2000\" tg-height=\"1334\"><span>Anthony TanPhotographer: Akio Kon/Bloomberg</span></p>\n<p>He didn’t rule out a secondary listing in Grab’s home market of Singapore, saying the company considers all options. But he said Grab is “laser-focused” on the Nasdaq listing via the Altimeter merger that values the combination at about $40 billion.</p>\n<p>The CEO said Grab considered a traditional initial public offering, but opted for a deal with Brad Gerstner’s Altimeter after seeing the commitment by the SPAC partner. Altimeter has committed to a three-year lock-up period.</p>\n<p>“They put their money where their mouth is,” he said.</p>\n<p>Some analysts have questioned Grab’s targeted valuation. Matthew Kanterman, an analyst with Bloomberg Intelligence,calculatesthat Grab’s enterprise value-to-sales ratio is more than double those of ride-sharing peers Uber Technologies Inc. and Lyft Inc., “giving it scant wiggle room for missteps.”</p>\n<p>When asked if the $40 billion valuation may be too stretched, Tan declined to give a direct answer.</p>\n<p>“We are just excited about the region,” a large market for digital services, he said. “We are excited that Grab is an early one to represent Southeast Asia on a global stage.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Grab CEO Confident SPAC Deal to Close by Year-End After Delay</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGrab CEO Confident SPAC Deal to Close by Year-End After Delay\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-14 07:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-13/grab-ceo-confident-spac-deal-to-close-by-year-end-after-delay?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Company postponed its public debut because of financial audit\nCEO Tan doesn’t rule out secondary stock listing in Singapore\n\nGrab Holdings Inc. Chief Executive Officer Anthony Tan said he’s confident ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-13/grab-ceo-confident-spac-deal-to-close-by-year-end-after-delay?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-06-13/grab-ceo-confident-spac-deal-to-close-by-year-end-after-delay?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128243947","content_text":"Company postponed its public debut because of financial audit\nCEO Tan doesn’t rule out secondary stock listing in Singapore\n\nGrab Holdings Inc. Chief Executive Officer Anthony Tan said he’s confident the merger of the ride-hailing and food-delivery giant and a U.S. blank-check company will be completed by year-end, following a delay caused by a review of its financials.\nThe Singapore-based startup last week postponed the expected completion of the deal with Altimeter Growth Corp.-- set to be one of the largest-ever mergers with a special purpose acquisition company -- to the fourth quarter as it works on an audit of the past three years. When announcing thepactin April, Grab said in an investor presentation its completion target was July.\n“We decided to be proactive,” Tan said in an interview with Bloomberg Television. “We wanted to set the bar in transparent financial reporting. It may have taken a little longer than we expected.”\nGrab, which operates across Southeast Asia, is the latest company to be affected by intensifying scrutiny from U.S. financial regulators on deals involving SPACs. After a frenzy of listings, the SPAC market has been hit by a crackdown by the U.S. Securities and Exchange Commission as well as lawsuits from shareholders, falling stock prices and delays in planned listings.\nThe SEC’s scrutiny on how accounting rules apply to a key element of blank-check companies has prompted restatement filings. The regulator has said that SPACs may need to account for warrants -- securities issued to early investors -- as liabilities, rather than as equity.\nTan, 39, declined to comment when asked if he expects any major restatements by Grab following the financial audit.\nAnthony TanPhotographer: Akio Kon/Bloomberg\nHe didn’t rule out a secondary listing in Grab’s home market of Singapore, saying the company considers all options. But he said Grab is “laser-focused” on the Nasdaq listing via the Altimeter merger that values the combination at about $40 billion.\nThe CEO said Grab considered a traditional initial public offering, but opted for a deal with Brad Gerstner’s Altimeter after seeing the commitment by the SPAC partner. Altimeter has committed to a three-year lock-up period.\n“They put their money where their mouth is,” he said.\nSome analysts have questioned Grab’s targeted valuation. Matthew Kanterman, an analyst with Bloomberg Intelligence,calculatesthat Grab’s enterprise value-to-sales ratio is more than double those of ride-sharing peers Uber Technologies Inc. and Lyft Inc., “giving it scant wiggle room for missteps.”\nWhen asked if the $40 billion valuation may be too stretched, Tan declined to give a direct answer.\n“We are just excited about the region,” a large market for digital services, he said. “We are excited that Grab is an early one to represent Southeast Asia on a global stage.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4965167,"gmtCreate":1624409228511,"gmtModify":1663229761941,"authorId":3555214777256239,"author":{"id":3555214777256239,"authorId":3555214777256239,"name":"nananan","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":185078061,"type":1,"supId":0,"prevId":0,"content":"simple, because it is not just a uber. It does banking, food delivery, parcel delivery...etc","text":"simple, because it is not just a uber. It does banking, food delivery, parcel delivery...etc","html":"simple, because it is not just a uber. It does banking, food delivery, parcel delivery...etc"},{"id":4814578,"gmtCreate":1623855692446,"gmtModify":1663229042965,"authorId":3578997581123464,"author":{"id":3578997581123464,"authorId":3578997581123464,"name":"Yao84","avatar":"https://static.tigerbbs.com/5e30432f9f4a2555514d757fdb9c4f0d","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-1","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Debut Tiger","description":"Join the tiger community for 500 days","bigImgUrl":"https://static.tigerbbs.com/0e4d0ca1da0456dc7894c946d44bf9ab","smallImgUrl":"https://static.tigerbbs.com/0f2f65e8ce4cfaae8db2bea9b127f58b","grayImgUrl":"https://static.tigerbbs.com/c5948a31b6edf154422335b265235809","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.07.30","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":3,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":185078061,"type":1,"supId":0,"prevId":0,"content":"Why compare to baba and tencent and not uber?","text":"Why compare to baba and tencent and not uber?","html":"Why compare to baba and tencent and not uber?"}],"langContent":"EN"},{"id":185079169,"gmtCreate":1623628780451,"gmtModify":1704207137256,"author":{"id":"3578047933589423","authorId":"3578047933589423","authorIdStr":"3578047933589423","name":"PengsieX","avatar":"https://static.tigerbbs.com/ebe92821eba3b91a6431d698b66bbed5","vip":2,"hat":"https://static.tigerbbs.com/f84859c65fc2d7681e28f6b8e9b0535a","crmLevel":3,"crmLevelSwitch":0,"idStr":"3578047933589423"},"htmlText":"Will you GRAB these shares?&nbsp;","listText":"Will you GRAB these shares?&nbsp;","text":"Will you GRAB these shares?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/185079169","repostId":1128243947,"repostType":4,"repost":{"id":"1128243947","pubTimestamp":1623625934,"share":"https://ttm.financial/m/news/1128243947?lang=&edition=fundamental","pubTime":"2021-06-14 07:12","market":"us","language":"en","title":"Grab CEO Confident SPAC Deal to Close by Year-End After Delay","url":"https://stock-news.laohu8.com/highlight/detail?id=1128243947","media":"Bloomberg","summary":"Company postponed its public debut because of financial audit\nCEO Tan doesn’t rule out secondary sto","content":"<ul>\n <li>Company postponed its public debut because of financial audit</li>\n <li>CEO Tan doesn’t rule out secondary stock listing in Singapore</li>\n</ul>\n<p>Grab Holdings Inc.&nbsp;Chief Executive Officer Anthony Tan said he’s confident the merger of the ride-hailing and food-delivery giant and a U.S. blank-check company will be completed by year-end, following a delay caused by a review of its financials.</p>\n<p>The Singapore-based startup last week&nbsp;postponed&nbsp;the expected completion of the deal with&nbsp;Altimeter Growth Corp.-- set to be one of the largest-ever mergers with a special purpose acquisition company -- to the fourth quarter as it works on an audit of the past three years. When announcing thepactin April, Grab said in an&nbsp;investor presentation&nbsp;its completion target was July.</p>\n<p>“We decided to be proactive,” Tan said in an interview with Bloomberg Television. “We wanted to set the bar in transparent financial reporting. It may have taken a little longer than we expected.”</p>\n<p>Grab, which operates across Southeast Asia, is the latest company to be affected by intensifying scrutiny from U.S. financial regulators on deals involving SPACs. After a frenzy of listings, the SPAC market has been hit by a crackdown by the&nbsp;U.S. Securities and Exchange Commission&nbsp;as well as lawsuits from shareholders, falling stock prices and delays in planned listings.</p>\n<p>The SEC’s scrutiny on how accounting rules apply to a key element of blank-check companies has prompted restatement filings. The regulator has said that SPACs may need to account for warrants -- securities issued to early investors -- as liabilities, rather than as equity.</p>\n<p>Tan, 39, declined to comment when asked if he expects any major restatements by Grab following the financial audit.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/01bb3ebf179485a3d6dd7360f84e98f2\" tg-width=\"2000\" tg-height=\"1334\"><span>Anthony TanPhotographer: Akio Kon/Bloomberg</span></p>\n<p>He didn’t rule out a secondary listing in Grab’s home market of Singapore, saying the company considers all options. But he said Grab is “laser-focused” on the Nasdaq listing via the Altimeter merger that values the combination at about $40 billion.</p>\n<p>The CEO said Grab considered a traditional initial public offering, but opted for a deal with Brad Gerstner’s Altimeter after seeing the commitment by the SPAC partner. Altimeter has committed to a three-year lock-up period.</p>\n<p>“They put their money where their mouth is,” he said.</p>\n<p>Some analysts have questioned Grab’s targeted valuation. Matthew Kanterman, an analyst with Bloomberg Intelligence,calculatesthat Grab’s enterprise value-to-sales ratio is more than double those of ride-sharing peers Uber Technologies Inc. and Lyft Inc., “giving it scant wiggle room for missteps.”</p>\n<p>When asked if the $40 billion valuation may be too stretched, Tan declined to give a direct answer.</p>\n<p>“We are just excited about the region,” a large market for digital services, he said. “We are excited that Grab is an early one to represent Southeast Asia on a global stage.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Grab CEO Confident SPAC Deal to Close by Year-End After Delay</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGrab CEO Confident SPAC Deal to Close by Year-End After Delay\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-14 07:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-13/grab-ceo-confident-spac-deal-to-close-by-year-end-after-delay?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Company postponed its public debut because of financial audit\nCEO Tan doesn’t rule out secondary stock listing in Singapore\n\nGrab Holdings Inc. Chief Executive Officer Anthony Tan said he’s confident ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-13/grab-ceo-confident-spac-deal-to-close-by-year-end-after-delay?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-06-13/grab-ceo-confident-spac-deal-to-close-by-year-end-after-delay?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128243947","content_text":"Company postponed its public debut because of financial audit\nCEO Tan doesn’t rule out secondary stock listing in Singapore\n\nGrab Holdings Inc. Chief Executive Officer Anthony Tan said he’s confident the merger of the ride-hailing and food-delivery giant and a U.S. blank-check company will be completed by year-end, following a delay caused by a review of its financials.\nThe Singapore-based startup last week postponed the expected completion of the deal with Altimeter Growth Corp.-- set to be one of the largest-ever mergers with a special purpose acquisition company -- to the fourth quarter as it works on an audit of the past three years. When announcing thepactin April, Grab said in an investor presentation its completion target was July.\n“We decided to be proactive,” Tan said in an interview with Bloomberg Television. “We wanted to set the bar in transparent financial reporting. It may have taken a little longer than we expected.”\nGrab, which operates across Southeast Asia, is the latest company to be affected by intensifying scrutiny from U.S. financial regulators on deals involving SPACs. After a frenzy of listings, the SPAC market has been hit by a crackdown by the U.S. Securities and Exchange Commission as well as lawsuits from shareholders, falling stock prices and delays in planned listings.\nThe SEC’s scrutiny on how accounting rules apply to a key element of blank-check companies has prompted restatement filings. The regulator has said that SPACs may need to account for warrants -- securities issued to early investors -- as liabilities, rather than as equity.\nTan, 39, declined to comment when asked if he expects any major restatements by Grab following the financial audit.\nAnthony TanPhotographer: Akio Kon/Bloomberg\nHe didn’t rule out a secondary listing in Grab’s home market of Singapore, saying the company considers all options. But he said Grab is “laser-focused” on the Nasdaq listing via the Altimeter merger that values the combination at about $40 billion.\nThe CEO said Grab considered a traditional initial public offering, but opted for a deal with Brad Gerstner’s Altimeter after seeing the commitment by the SPAC partner. Altimeter has committed to a three-year lock-up period.\n“They put their money where their mouth is,” he said.\nSome analysts have questioned Grab’s targeted valuation. Matthew Kanterman, an analyst with Bloomberg Intelligence,calculatesthat Grab’s enterprise value-to-sales ratio is more than double those of ride-sharing peers Uber Technologies Inc. and Lyft Inc., “giving it scant wiggle room for missteps.”\nWhen asked if the $40 billion valuation may be too stretched, Tan declined to give a direct answer.\n“We are just excited about the region,” a large market for digital services, he said. “We are excited that Grab is an early one to represent Southeast Asia on a global stage.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":185044478,"gmtCreate":1623628720094,"gmtModify":1704207133348,"author":{"id":"3579931573579109","authorId":"3579931573579109","authorIdStr":"3579931573579109","name":"Kiranaar","avatar":"https://static.tigerbbs.com/fc9541e5ba792fc73edc7524c494929f","vip":1,"hat":"https://static.tigerbbs.com/646756f1284a5a6480ed02cc4fa7d1d2","crmLevel":7,"crmLevelSwitch":1,"idStr":"3579931573579109"},"htmlText":"Looking forward to this one...","listText":"Looking forward to this one...","text":"Looking forward to this one...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/185044478","repostId":1128243947,"repostType":4,"repost":{"id":"1128243947","pubTimestamp":1623625934,"share":"https://ttm.financial/m/news/1128243947?lang=&edition=fundamental","pubTime":"2021-06-14 07:12","market":"us","language":"en","title":"Grab CEO Confident SPAC Deal to Close by Year-End After Delay","url":"https://stock-news.laohu8.com/highlight/detail?id=1128243947","media":"Bloomberg","summary":"Company postponed its public debut because of financial audit\nCEO Tan doesn’t rule out secondary sto","content":"<ul>\n <li>Company postponed its public debut because of financial audit</li>\n <li>CEO Tan doesn’t rule out secondary stock listing in Singapore</li>\n</ul>\n<p>Grab Holdings Inc.&nbsp;Chief Executive Officer Anthony Tan said he’s confident the merger of the ride-hailing and food-delivery giant and a U.S. blank-check company will be completed by year-end, following a delay caused by a review of its financials.</p>\n<p>The Singapore-based startup last week&nbsp;postponed&nbsp;the expected completion of the deal with&nbsp;Altimeter Growth Corp.-- set to be one of the largest-ever mergers with a special purpose acquisition company -- to the fourth quarter as it works on an audit of the past three years. When announcing thepactin April, Grab said in an&nbsp;investor presentation&nbsp;its completion target was July.</p>\n<p>“We decided to be proactive,” Tan said in an interview with Bloomberg Television. “We wanted to set the bar in transparent financial reporting. It may have taken a little longer than we expected.”</p>\n<p>Grab, which operates across Southeast Asia, is the latest company to be affected by intensifying scrutiny from U.S. financial regulators on deals involving SPACs. After a frenzy of listings, the SPAC market has been hit by a crackdown by the&nbsp;U.S. Securities and Exchange Commission&nbsp;as well as lawsuits from shareholders, falling stock prices and delays in planned listings.</p>\n<p>The SEC’s scrutiny on how accounting rules apply to a key element of blank-check companies has prompted restatement filings. The regulator has said that SPACs may need to account for warrants -- securities issued to early investors -- as liabilities, rather than as equity.</p>\n<p>Tan, 39, declined to comment when asked if he expects any major restatements by Grab following the financial audit.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/01bb3ebf179485a3d6dd7360f84e98f2\" tg-width=\"2000\" tg-height=\"1334\"><span>Anthony TanPhotographer: Akio Kon/Bloomberg</span></p>\n<p>He didn’t rule out a secondary listing in Grab’s home market of Singapore, saying the company considers all options. But he said Grab is “laser-focused” on the Nasdaq listing via the Altimeter merger that values the combination at about $40 billion.</p>\n<p>The CEO said Grab considered a traditional initial public offering, but opted for a deal with Brad Gerstner’s Altimeter after seeing the commitment by the SPAC partner. Altimeter has committed to a three-year lock-up period.</p>\n<p>“They put their money where their mouth is,” he said.</p>\n<p>Some analysts have questioned Grab’s targeted valuation. Matthew Kanterman, an analyst with Bloomberg Intelligence,calculatesthat Grab’s enterprise value-to-sales ratio is more than double those of ride-sharing peers Uber Technologies Inc. and Lyft Inc., “giving it scant wiggle room for missteps.”</p>\n<p>When asked if the $40 billion valuation may be too stretched, Tan declined to give a direct answer.</p>\n<p>“We are just excited about the region,” a large market for digital services, he said. “We are excited that Grab is an early one to represent Southeast Asia on a global stage.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Grab CEO Confident SPAC Deal to Close by Year-End After Delay</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGrab CEO Confident SPAC Deal to Close by Year-End After Delay\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-14 07:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-13/grab-ceo-confident-spac-deal-to-close-by-year-end-after-delay?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Company postponed its public debut because of financial audit\nCEO Tan doesn’t rule out secondary stock listing in Singapore\n\nGrab Holdings Inc. Chief Executive Officer Anthony Tan said he’s confident ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-13/grab-ceo-confident-spac-deal-to-close-by-year-end-after-delay?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-06-13/grab-ceo-confident-spac-deal-to-close-by-year-end-after-delay?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128243947","content_text":"Company postponed its public debut because of financial audit\nCEO Tan doesn’t rule out secondary stock listing in Singapore\n\nGrab Holdings Inc. Chief Executive Officer Anthony Tan said he’s confident the merger of the ride-hailing and food-delivery giant and a U.S. blank-check company will be completed by year-end, following a delay caused by a review of its financials.\nThe Singapore-based startup last week postponed the expected completion of the deal with Altimeter Growth Corp.-- set to be one of the largest-ever mergers with a special purpose acquisition company -- to the fourth quarter as it works on an audit of the past three years. When announcing thepactin April, Grab said in an investor presentation its completion target was July.\n“We decided to be proactive,” Tan said in an interview with Bloomberg Television. “We wanted to set the bar in transparent financial reporting. It may have taken a little longer than we expected.”\nGrab, which operates across Southeast Asia, is the latest company to be affected by intensifying scrutiny from U.S. financial regulators on deals involving SPACs. After a frenzy of listings, the SPAC market has been hit by a crackdown by the U.S. Securities and Exchange Commission as well as lawsuits from shareholders, falling stock prices and delays in planned listings.\nThe SEC’s scrutiny on how accounting rules apply to a key element of blank-check companies has prompted restatement filings. The regulator has said that SPACs may need to account for warrants -- securities issued to early investors -- as liabilities, rather than as equity.\nTan, 39, declined to comment when asked if he expects any major restatements by Grab following the financial audit.\nAnthony TanPhotographer: Akio Kon/Bloomberg\nHe didn’t rule out a secondary listing in Grab’s home market of Singapore, saying the company considers all options. But he said Grab is “laser-focused” on the Nasdaq listing via the Altimeter merger that values the combination at about $40 billion.\nThe CEO said Grab considered a traditional initial public offering, but opted for a deal with Brad Gerstner’s Altimeter after seeing the commitment by the SPAC partner. Altimeter has committed to a three-year lock-up period.\n“They put their money where their mouth is,” he said.\nSome analysts have questioned Grab’s targeted valuation. Matthew Kanterman, an analyst with Bloomberg Intelligence,calculatesthat Grab’s enterprise value-to-sales ratio is more than double those of ride-sharing peers Uber Technologies Inc. and Lyft Inc., “giving it scant wiggle room for missteps.”\nWhen asked if the $40 billion valuation may be too stretched, Tan declined to give a direct answer.\n“We are just excited about the region,” a large market for digital services, he said. “We are excited that Grab is an early one to represent Southeast Asia on a global stage.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4735311,"gmtCreate":1623628801762,"gmtModify":1663228692748,"authorId":3582700442025714,"author":{"id":3582700442025714,"authorId":3582700442025714,"name":"iceage","avatar":"https://static.tigerbbs.com/824cd9c998fb2ca537c1d47267e2f2bf","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-1","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Elite Trader","description":"Total number of securities or futures transactions reached 30","bigImgUrl":"https://static.tigerbbs.com/ab0f87127c854ce3191a752d57b46edc","smallImgUrl":"https://static.tigerbbs.com/c9835ce48b8c8743566d344ac7a7ba8c","grayImgUrl":"https://static.tigerbbs.com/76754b53ce7a90019f132c1d2fbc698f","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":"60.76%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":185044478,"type":1,"supId":0,"prevId":0,"content":"<u>great</u>","text":"<u>great</u>","html":"<u>great</u>"}],"langContent":"EN"},{"id":185043214,"gmtCreate":1623628447538,"gmtModify":1704207124851,"author":{"id":"3582700442025714","authorId":"3582700442025714","authorIdStr":"3582700442025714","name":"iceage","avatar":"https://static.tigerbbs.com/824cd9c998fb2ca537c1d47267e2f2bf","vip":1,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":5,"crmLevelSwitch":0,"idStr":"3582700442025714"},"htmlText":"Like and share","listText":"Like and share","text":"Like and share","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/185043214","repostId":1128243947,"repostType":4,"repost":{"id":"1128243947","pubTimestamp":1623625934,"share":"https://ttm.financial/m/news/1128243947?lang=&edition=fundamental","pubTime":"2021-06-14 07:12","market":"us","language":"en","title":"Grab CEO Confident SPAC Deal to Close by Year-End After Delay","url":"https://stock-news.laohu8.com/highlight/detail?id=1128243947","media":"Bloomberg","summary":"Company postponed its public debut because of financial audit\nCEO Tan doesn’t rule out secondary sto","content":"<ul>\n <li>Company postponed its public debut because of financial audit</li>\n <li>CEO Tan doesn’t rule out secondary stock listing in Singapore</li>\n</ul>\n<p>Grab Holdings Inc.&nbsp;Chief Executive Officer Anthony Tan said he’s confident the merger of the ride-hailing and food-delivery giant and a U.S. blank-check company will be completed by year-end, following a delay caused by a review of its financials.</p>\n<p>The Singapore-based startup last week&nbsp;postponed&nbsp;the expected completion of the deal with&nbsp;Altimeter Growth Corp.-- set to be one of the largest-ever mergers with a special purpose acquisition company -- to the fourth quarter as it works on an audit of the past three years. When announcing thepactin April, Grab said in an&nbsp;investor presentation&nbsp;its completion target was July.</p>\n<p>“We decided to be proactive,” Tan said in an interview with Bloomberg Television. “We wanted to set the bar in transparent financial reporting. It may have taken a little longer than we expected.”</p>\n<p>Grab, which operates across Southeast Asia, is the latest company to be affected by intensifying scrutiny from U.S. financial regulators on deals involving SPACs. After a frenzy of listings, the SPAC market has been hit by a crackdown by the&nbsp;U.S. Securities and Exchange Commission&nbsp;as well as lawsuits from shareholders, falling stock prices and delays in planned listings.</p>\n<p>The SEC’s scrutiny on how accounting rules apply to a key element of blank-check companies has prompted restatement filings. The regulator has said that SPACs may need to account for warrants -- securities issued to early investors -- as liabilities, rather than as equity.</p>\n<p>Tan, 39, declined to comment when asked if he expects any major restatements by Grab following the financial audit.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/01bb3ebf179485a3d6dd7360f84e98f2\" tg-width=\"2000\" tg-height=\"1334\"><span>Anthony TanPhotographer: Akio Kon/Bloomberg</span></p>\n<p>He didn’t rule out a secondary listing in Grab’s home market of Singapore, saying the company considers all options. But he said Grab is “laser-focused” on the Nasdaq listing via the Altimeter merger that values the combination at about $40 billion.</p>\n<p>The CEO said Grab considered a traditional initial public offering, but opted for a deal with Brad Gerstner’s Altimeter after seeing the commitment by the SPAC partner. Altimeter has committed to a three-year lock-up period.</p>\n<p>“They put their money where their mouth is,” he said.</p>\n<p>Some analysts have questioned Grab’s targeted valuation. Matthew Kanterman, an analyst with Bloomberg Intelligence,calculatesthat Grab’s enterprise value-to-sales ratio is more than double those of ride-sharing peers Uber Technologies Inc. and Lyft Inc., “giving it scant wiggle room for missteps.”</p>\n<p>When asked if the $40 billion valuation may be too stretched, Tan declined to give a direct answer.</p>\n<p>“We are just excited about the region,” a large market for digital services, he said. “We are excited that Grab is an early one to represent Southeast Asia on a global stage.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Grab CEO Confident SPAC Deal to Close by Year-End After Delay</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGrab CEO Confident SPAC Deal to Close by Year-End After Delay\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-14 07:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-13/grab-ceo-confident-spac-deal-to-close-by-year-end-after-delay?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Company postponed its public debut because of financial audit\nCEO Tan doesn’t rule out secondary stock listing in Singapore\n\nGrab Holdings Inc. Chief Executive Officer Anthony Tan said he’s confident ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-13/grab-ceo-confident-spac-deal-to-close-by-year-end-after-delay?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-06-13/grab-ceo-confident-spac-deal-to-close-by-year-end-after-delay?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128243947","content_text":"Company postponed its public debut because of financial audit\nCEO Tan doesn’t rule out secondary stock listing in Singapore\n\nGrab Holdings Inc. Chief Executive Officer Anthony Tan said he’s confident the merger of the ride-hailing and food-delivery giant and a U.S. blank-check company will be completed by year-end, following a delay caused by a review of its financials.\nThe Singapore-based startup last week postponed the expected completion of the deal with Altimeter Growth Corp.-- set to be one of the largest-ever mergers with a special purpose acquisition company -- to the fourth quarter as it works on an audit of the past three years. When announcing thepactin April, Grab said in an investor presentation its completion target was July.\n“We decided to be proactive,” Tan said in an interview with Bloomberg Television. “We wanted to set the bar in transparent financial reporting. It may have taken a little longer than we expected.”\nGrab, which operates across Southeast Asia, is the latest company to be affected by intensifying scrutiny from U.S. financial regulators on deals involving SPACs. After a frenzy of listings, the SPAC market has been hit by a crackdown by the U.S. Securities and Exchange Commission as well as lawsuits from shareholders, falling stock prices and delays in planned listings.\nThe SEC’s scrutiny on how accounting rules apply to a key element of blank-check companies has prompted restatement filings. The regulator has said that SPACs may need to account for warrants -- securities issued to early investors -- as liabilities, rather than as equity.\nTan, 39, declined to comment when asked if he expects any major restatements by Grab following the financial audit.\nAnthony TanPhotographer: Akio Kon/Bloomberg\nHe didn’t rule out a secondary listing in Grab’s home market of Singapore, saying the company considers all options. But he said Grab is “laser-focused” on the Nasdaq listing via the Altimeter merger that values the combination at about $40 billion.\nThe CEO said Grab considered a traditional initial public offering, but opted for a deal with Brad Gerstner’s Altimeter after seeing the commitment by the SPAC partner. Altimeter has committed to a three-year lock-up period.\n“They put their money where their mouth is,” he said.\nSome analysts have questioned Grab’s targeted valuation. Matthew Kanterman, an analyst with Bloomberg Intelligence,calculatesthat Grab’s enterprise value-to-sales ratio is more than double those of ride-sharing peers Uber Technologies Inc. and Lyft Inc., “giving it scant wiggle room for missteps.”\nWhen asked if the $40 billion valuation may be too stretched, Tan declined to give a direct answer.\n“We are just excited about the region,” a large market for digital services, he said. “We are excited that Grab is an early one to represent Southeast Asia on a global stage.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":185056318,"gmtCreate":1623628177534,"gmtModify":1704207115069,"author":{"id":"3573871885683843","authorId":"3573871885683843","authorIdStr":"3573871885683843","name":"justinjuice","avatar":"https://community-static.tradeup.com/news/aa8dff200717ed53b91cc2b87cce5f5a","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3573871885683843"},"htmlText":"Why go through spac and not list directly?","listText":"Why go through spac and not list directly?","text":"Why go through spac and not list directly?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/185056318","repostId":1128243947,"repostType":4,"repost":{"id":"1128243947","pubTimestamp":1623625934,"share":"https://ttm.financial/m/news/1128243947?lang=&edition=fundamental","pubTime":"2021-06-14 07:12","market":"us","language":"en","title":"Grab CEO Confident SPAC Deal to Close by Year-End After Delay","url":"https://stock-news.laohu8.com/highlight/detail?id=1128243947","media":"Bloomberg","summary":"Company postponed its public debut because of financial audit\nCEO Tan doesn’t rule out secondary sto","content":"<ul>\n <li>Company postponed its public debut because of financial audit</li>\n <li>CEO Tan doesn’t rule out secondary stock listing in Singapore</li>\n</ul>\n<p>Grab Holdings Inc.&nbsp;Chief Executive Officer Anthony Tan said he’s confident the merger of the ride-hailing and food-delivery giant and a U.S. blank-check company will be completed by year-end, following a delay caused by a review of its financials.</p>\n<p>The Singapore-based startup last week&nbsp;postponed&nbsp;the expected completion of the deal with&nbsp;Altimeter Growth Corp.-- set to be one of the largest-ever mergers with a special purpose acquisition company -- to the fourth quarter as it works on an audit of the past three years. When announcing thepactin April, Grab said in an&nbsp;investor presentation&nbsp;its completion target was July.</p>\n<p>“We decided to be proactive,” Tan said in an interview with Bloomberg Television. “We wanted to set the bar in transparent financial reporting. It may have taken a little longer than we expected.”</p>\n<p>Grab, which operates across Southeast Asia, is the latest company to be affected by intensifying scrutiny from U.S. financial regulators on deals involving SPACs. After a frenzy of listings, the SPAC market has been hit by a crackdown by the&nbsp;U.S. Securities and Exchange Commission&nbsp;as well as lawsuits from shareholders, falling stock prices and delays in planned listings.</p>\n<p>The SEC’s scrutiny on how accounting rules apply to a key element of blank-check companies has prompted restatement filings. The regulator has said that SPACs may need to account for warrants -- securities issued to early investors -- as liabilities, rather than as equity.</p>\n<p>Tan, 39, declined to comment when asked if he expects any major restatements by Grab following the financial audit.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/01bb3ebf179485a3d6dd7360f84e98f2\" tg-width=\"2000\" tg-height=\"1334\"><span>Anthony TanPhotographer: Akio Kon/Bloomberg</span></p>\n<p>He didn’t rule out a secondary listing in Grab’s home market of Singapore, saying the company considers all options. But he said Grab is “laser-focused” on the Nasdaq listing via the Altimeter merger that values the combination at about $40 billion.</p>\n<p>The CEO said Grab considered a traditional initial public offering, but opted for a deal with Brad Gerstner’s Altimeter after seeing the commitment by the SPAC partner. Altimeter has committed to a three-year lock-up period.</p>\n<p>“They put their money where their mouth is,” he said.</p>\n<p>Some analysts have questioned Grab’s targeted valuation. Matthew Kanterman, an analyst with Bloomberg Intelligence,calculatesthat Grab’s enterprise value-to-sales ratio is more than double those of ride-sharing peers Uber Technologies Inc. and Lyft Inc., “giving it scant wiggle room for missteps.”</p>\n<p>When asked if the $40 billion valuation may be too stretched, Tan declined to give a direct answer.</p>\n<p>“We are just excited about the region,” a large market for digital services, he said. “We are excited that Grab is an early one to represent Southeast Asia on a global stage.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Grab CEO Confident SPAC Deal to Close by Year-End After Delay</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGrab CEO Confident SPAC Deal to Close by Year-End After Delay\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-14 07:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-13/grab-ceo-confident-spac-deal-to-close-by-year-end-after-delay?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Company postponed its public debut because of financial audit\nCEO Tan doesn’t rule out secondary stock listing in Singapore\n\nGrab Holdings Inc. Chief Executive Officer Anthony Tan said he’s confident ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-13/grab-ceo-confident-spac-deal-to-close-by-year-end-after-delay?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-06-13/grab-ceo-confident-spac-deal-to-close-by-year-end-after-delay?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128243947","content_text":"Company postponed its public debut because of financial audit\nCEO Tan doesn’t rule out secondary stock listing in Singapore\n\nGrab Holdings Inc. Chief Executive Officer Anthony Tan said he’s confident the merger of the ride-hailing and food-delivery giant and a U.S. blank-check company will be completed by year-end, following a delay caused by a review of its financials.\nThe Singapore-based startup last week postponed the expected completion of the deal with Altimeter Growth Corp.-- set to be one of the largest-ever mergers with a special purpose acquisition company -- to the fourth quarter as it works on an audit of the past three years. When announcing thepactin April, Grab said in an investor presentation its completion target was July.\n“We decided to be proactive,” Tan said in an interview with Bloomberg Television. “We wanted to set the bar in transparent financial reporting. It may have taken a little longer than we expected.”\nGrab, which operates across Southeast Asia, is the latest company to be affected by intensifying scrutiny from U.S. financial regulators on deals involving SPACs. After a frenzy of listings, the SPAC market has been hit by a crackdown by the U.S. Securities and Exchange Commission as well as lawsuits from shareholders, falling stock prices and delays in planned listings.\nThe SEC’s scrutiny on how accounting rules apply to a key element of blank-check companies has prompted restatement filings. The regulator has said that SPACs may need to account for warrants -- securities issued to early investors -- as liabilities, rather than as equity.\nTan, 39, declined to comment when asked if he expects any major restatements by Grab following the financial audit.\nAnthony TanPhotographer: Akio Kon/Bloomberg\nHe didn’t rule out a secondary listing in Grab’s home market of Singapore, saying the company considers all options. But he said Grab is “laser-focused” on the Nasdaq listing via the Altimeter merger that values the combination at about $40 billion.\nThe CEO said Grab considered a traditional initial public offering, but opted for a deal with Brad Gerstner’s Altimeter after seeing the commitment by the SPAC partner. Altimeter has committed to a three-year lock-up period.\n“They put their money where their mouth is,” he said.\nSome analysts have questioned Grab’s targeted valuation. Matthew Kanterman, an analyst with Bloomberg Intelligence,calculatesthat Grab’s enterprise value-to-sales ratio is more than double those of ride-sharing peers Uber Technologies Inc. and Lyft Inc., “giving it scant wiggle room for missteps.”\nWhen asked if the $40 billion valuation may be too stretched, Tan declined to give a direct answer.\n“We are just excited about the region,” a large market for digital services, he said. “We are excited that Grab is an early one to represent Southeast Asia on a global stage.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":80,"commentSize":33,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false}}