$Grab Holdings (GRAB.US)$ lost more than one-fifth of their value on their first day of trading in New York. 
Shares fell 21% to $8.75, giving Grab a market capitalization of roughly $34.6 billion.
The Singapore-based company in April agreed to combine with the SPAC $Altimeter Growth Corp (AGC.US)$ in a deal that valued it at close to $40 billion, setting a high-water mark for transactions involving blank-check companies.
Even though it does hold great potential, the reality is cruel. Its first-day performance didn't reach people's expectations. 
What's the reason that caused it to drop? Would you like to tell about your observation?

$IonQ Inc (IONQ.US)$ when to take profit?

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