It’s a moment many have waited years for. Grab, Southeast Asia’s highest-valued private technology company, is planning to pursue an IPO in the United States. A listing is expected as soon as this year, various various Reuters Exclusive: Southeast Asia's Grab considering U.S. IPO this year, sources say Read more media have reported reported Bloomberg Grab Picks Morgan Stanley, JPMorgan for U.S.
Step on the gas
Under the hood of Grab’s would-be IPO
Grab has its core transport and food delivery businesses under control after buying out rival Uber in 2018. But investors seeking another Southeast Asian smash hit must gamble on Grab’s untested financial services play
Grab says its ride-hailing division is profitable and its food delivery business is on course to follow
As a clear market leader, it’s doubling down on more higher-margin areas, including new on-demand businesses, merchant services, and financial services
Chinese duo Meituan and Ant Financial show diversified platform and fintech businesses are lucrative
Launching financial services across eight very different countries is already throwing up challenges