Grab Stock Drops Nearly 7% After Hours

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Grab Stock Drops Nearly 7% After Hours

Tiger Newspress2023-09-13

Grab stock dropped nearly 7% after hours Tuesday. Grab’s rival Ryde's files for a US$17 million IPO on NYSE may be the reason for its stock decline.

Singapore-based ride-hailing company Ryde is seeking to list on the New York Stock Exchange (NYSE).

In a preliminary prospectus lodged on Aug 31, the home-grown startup indicated it intended to raise up to US$17 million in an initial public offering (IPO), with no pricing terms disclosed. New York-based investment bank Maxim Group is the sole bookrunner on the deal.

Founded in 2014, the ride-hailing platform differentiated itself by focusing on its carpooling service. It also envisioned becoming a “super mobility app”, offering multiple mobility tools through a single app, according to the prospectus.

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Bitterboy
·2023-09-13
Nobody uses ryde
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Nase
·2023-09-13
Bankers selling so that they can buy $RYDE?
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YMlB
·2023-09-13
Anybody knows any particular reasons that a sharp fall ? thanks
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Sunshinekim
·2023-09-13
Sentiments?
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Grab’s rival Ryde&#39;s files for a US$17 million IPO on NYSE may be the reason for its stock decline.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cfcb4568774ed141b60b30f1f6c716fb\" title=\"\" tg-width=\"855\" tg-height=\"618\"/></p><p style=\"text-align: start;\">Singapore-based ride-hailing company Ryde is seeking to list on the New York Stock Exchange (NYSE).</p><p style=\"text-align: start;\">In a preliminary prospectus lodged on Aug 31, the home-grown startup indicated it intended to raise up to US$17 million in an initial public offering (IPO), with no pricing terms disclosed. New York-based investment bank Maxim Group is the sole bookrunner on the deal.</p><p style=\"text-align: start;\">Founded in 2014, the ride-hailing platform differentiated itself by focusing on its carpooling service. 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Grab’s rival Ryde's files for a US$17 million IPO on NYSE may be the reason for its stock decline.Singapore-based ride-hailing company Ryde is seeking...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GRAB","symbol_name":"Grab Holdings","start_time":0,"source_url":"","article_id":"1175646820","we_media_id":"1079075236","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1175646820","pubTimestamp":1694565374,"sourceInfo":null,"weMediaInfo":{"media_name":"Tiger Newspress","introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"summary":"Grab stock drops nearly 7% after hours. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"GRAB":"Grab Holdings"},"translate_title":"Grab股票盘后下跌近7%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GRAB":1.1},"content_text":"Grab stock dropped nearly 7% after hours Tuesday. Grab’s rival Ryde's files for a US$17 million IPO on NYSE may be the reason for its stock decline.Singapore-based ride-hailing company Ryde is seeking to list on the New York Stock Exchange (NYSE).In a preliminary prospectus lodged on Aug 31, the home-grown startup indicated it intended to raise up to US$17 million in an initial public offering (IPO), with no pricing terms disclosed. New York-based investment bank Maxim Group is the sole bookrunner on the deal.Founded in 2014, the ride-hailing platform differentiated itself by focusing on its carpooling service. 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