"Southeast Asia Didi" Grab debuts on Nasdaq today

$Grab Holdings (GRAB.US)$ Grab (GRAB.US), the largest ride-hailing service and express company in Southeast Asia, will be listed on the Nasdaq early on Thursday after merging with a special purpose acquisition company (SPAC) for a record US$40 billion. Regional IPOs set the tone.

Grab's listing has brought substantial returns to early investors such as SoftBank and Didi, who invested in the company as early as 2014.

Subsequently, companies such as Toyota Motor, Microsoft and Mitsubishi UFJ Financial Group also joined the ranks of investment. After five years of hard work, Uber sold its Southeast Asia business to Grab and became Grab's shareholder in 2018.

Analysts believe that in Southeast Asia's scattered food delivery and financial services markets, many participants have room for development, but the road to profitability may be long.

Article excerpted from the US Stock Research Agency