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Grab to go public in record-breaking SPAC deal

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Grab Holdings Inc. is going public in a record-breaking deal with a special-purpose acquisition company.

The ride-hailing, food-delivery and digital-wallet company is merging with Altimeter Growth Corp. in a $39.6 billion deal.

SPAC Research data indicate a record $99 billion has been raised in the United States this year through 306 special-purpose acquisition company deals.

Read more from The Wall Street Journal.

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