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Report: Grab in talks to go public through SPAC

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Singapore's Grab Holdings Inc. is in talking to go public through a special purpose acquisition company agreement, sources familiar with the matter told The Wall Street Journal.

The deal with an Altimeter Capital Management LP-affiliated SPAC would value the ride-hailing company at $35 billion-$40 billion.

The report indicates the SPAC agreement could make Grab's public debut the largest such deal on record.

Read more from The Wall Street Journal.

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