Blastnova
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$Advanced Micro Devices (AMD.US)$ The nature of quadruple witching is that there is the possibility of massive volatility, so markets taking a defensive stance is honestly understandable. It's fairly obvious at this point AMD is in the "high risk" category to most traders while still being serious enough for institutions, and thus amongst the first to get cut when risk appetites go down and vice versa. The same can be said about Nasdaq relative to DJ in general.
There's also the point that options are increasingly used a leverage tool rather than a means to reduce risk, and the people who do so are, at the risk of generalising, usually the kind to hang around on WSB and expect stocks to only go up. This has produced a situation where there is notably more call contracts on stocks like AMD, which when their expire produces sell pressure as market makers close their long hedging positions.
Given this, I expect sell pressures to remain strong for AMD until at least Monday.
There's also the point that options are increasingly used a leverage tool rather than a means to reduce risk, and the people who do so are, at the risk of generalising, usually the kind to hang around on WSB and expect stocks to only go up. This has produced a situation where there is notably more call contracts on stocks like AMD, which when their expire produces sell pressure as market makers close their long hedging positions.
Given this, I expect sell pressures to remain strong for AMD until at least Monday.
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Blastnova
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$Altimeter Growth Corp (AGC.US)$
Southeast Asia's ride-hailing giant Grab set to merge with U.S. firm Altimeter Growth. According to the Forbes, The transaction—which will be the world’s largest SPAC deal—will give Grab a valuation of $40 billion.
SoftBank-backed Grab, founded in 2012, is a Southeast Asia's leading superapp based on GMV in 2020 in each of food deliveries, mobility and the e-wallets segment of financial services, according to Euromonitor.
According to Form F-4, an extraordinary general meeting will be held on November 30, 2021 to consider and vote upon the business combination proposal.
Grab generated revenue of $78 million and $396 million in the six months ended June 30, 2020 and June 30, 2021, respectively, representing a year-over-year growth rate of 406%. Its revenue was $(845) million and $469 million in 2019 and 2020, respectively, representing a year-over-year growth rate of 155%. According to Grab's final Form F-4, its revenue growth in 2020 and the six months ended June 30, 2021 was driven by an increase in GMV. Its GMV was $5.9 billion and $7.5 billion in the six months ended June 30, 2020 and 2021, representing a YoY growth rate of 28%.
Upon completion of its merger, the SoftBank-backed company will trade on the Nasdaq under ticker symbol GRAB. Grab will receive about $4.5 billion in cash, which includes $4 billion in a private investment in public equity arrangement.
The SEC gave the green light to the proposed merger between AGC and Grab. With an Extraordinary General Meeting of AGC shareholders to approve the merger coming up on Tuesday (Nov 30)
AGC SPAC: Sponsored by institution with notable VC investmentsAltimeter Growth Corp.(AGC.US) is a newly formed blank check company, an affiliate of Altimeter Capital Management which is a technology-focused investment firm. Altimeter Capital has a proven track record of successfully investing in leading technology companies in both the private and public markets. According to its Form F-4,some of its prior investments include Expedia, Zillow, Facebook, Uber, AirBnB, ByteDance, AppDynamics, MongoDB, Okta, Twilio, Unity, and Snowflake.
Through the business combination, Grab could leverage Altimeter Capital’s investment team's capabilities, relationships, network, and deal pipeline to support it in the identification and diligence of potential targets.
This couldn’t come at a more opportune time for Grab. Enthusiasm for SPAC mergers is recovering at the moment, and tech stocks in particular remain hot.
While some investors might still be wary of highly valued growth stocks, Grab presents a good option for those seeking exposure to Southeast Asia tech markets. Investors seeking alternatives to mainland Chinese stocks amid the ongoing tech clampdown there might also look towards Grab favourably.
The twentyfold stock price appreciation of e-commerce giant Sea Limited since its IPO in 2017, has also affirmed the potential of the under-represented Southeast Asia market. Grab is the next big tech unicorn from this region, and it might benefit from these supportive trends.
https://www.moomoo.com/community/feed/107359430246405?lang_code=2
https://www.channelnewsasia.com/commentary/grab-ipo-listing-spac-agc-merger-stock-valuation-sgx-gig-economy-app-tech-2345096?cid=FBcna&fbclid=IwAR0Qj7-sn6aRhfpHF_bJcjTBOhq5Fk-SGUKaxfURDEztjPSQEmRbXIR3niU
$Meta Platforms (FB.US)$
$Netflix (NFLX.US)$
$Twitter (Delisted) (TWTR.US)$
$Amazon (AMZN.US)$
$Advanced Micro Devices (AMD.US)$
$NVIDIA (NVDA.US)$
$Tesla (TSLA.US)$
$Sea (SE.US)$
$Futu Holdings Ltd (FUTU.US)$
$Moderna (MRNA.US)$
$Uber Technologies (UBER.US)$
$Salesforce (CRM.US)$
$iSpecimen (ISPC.US)$
Southeast Asia's ride-hailing giant Grab set to merge with U.S. firm Altimeter Growth. According to the Forbes, The transaction—which will be the world’s largest SPAC deal—will give Grab a valuation of $40 billion.
SoftBank-backed Grab, founded in 2012, is a Southeast Asia's leading superapp based on GMV in 2020 in each of food deliveries, mobility and the e-wallets segment of financial services, according to Euromonitor.
According to Form F-4, an extraordinary general meeting will be held on November 30, 2021 to consider and vote upon the business combination proposal.
Grab generated revenue of $78 million and $396 million in the six months ended June 30, 2020 and June 30, 2021, respectively, representing a year-over-year growth rate of 406%. Its revenue was $(845) million and $469 million in 2019 and 2020, respectively, representing a year-over-year growth rate of 155%. According to Grab's final Form F-4, its revenue growth in 2020 and the six months ended June 30, 2021 was driven by an increase in GMV. Its GMV was $5.9 billion and $7.5 billion in the six months ended June 30, 2020 and 2021, representing a YoY growth rate of 28%.
Upon completion of its merger, the SoftBank-backed company will trade on the Nasdaq under ticker symbol GRAB. Grab will receive about $4.5 billion in cash, which includes $4 billion in a private investment in public equity arrangement.
The SEC gave the green light to the proposed merger between AGC and Grab. With an Extraordinary General Meeting of AGC shareholders to approve the merger coming up on Tuesday (Nov 30)
AGC SPAC: Sponsored by institution with notable VC investmentsAltimeter Growth Corp.(AGC.US) is a newly formed blank check company, an affiliate of Altimeter Capital Management which is a technology-focused investment firm. Altimeter Capital has a proven track record of successfully investing in leading technology companies in both the private and public markets. According to its Form F-4,some of its prior investments include Expedia, Zillow, Facebook, Uber, AirBnB, ByteDance, AppDynamics, MongoDB, Okta, Twilio, Unity, and Snowflake.
Through the business combination, Grab could leverage Altimeter Capital’s investment team's capabilities, relationships, network, and deal pipeline to support it in the identification and diligence of potential targets.
This couldn’t come at a more opportune time for Grab. Enthusiasm for SPAC mergers is recovering at the moment, and tech stocks in particular remain hot.
While some investors might still be wary of highly valued growth stocks, Grab presents a good option for those seeking exposure to Southeast Asia tech markets. Investors seeking alternatives to mainland Chinese stocks amid the ongoing tech clampdown there might also look towards Grab favourably.
The twentyfold stock price appreciation of e-commerce giant Sea Limited since its IPO in 2017, has also affirmed the potential of the under-represented Southeast Asia market. Grab is the next big tech unicorn from this region, and it might benefit from these supportive trends.
https://www.moomoo.com/community/feed/107359430246405?lang_code=2
https://www.channelnewsasia.com/commentary/grab-ipo-listing-spac-agc-merger-stock-valuation-sgx-gig-economy-app-tech-2345096?cid=FBcna&fbclid=IwAR0Qj7-sn6aRhfpHF_bJcjTBOhq5Fk-SGUKaxfURDEztjPSQEmRbXIR3niU
$Meta Platforms (FB.US)$
$Netflix (NFLX.US)$
$Twitter (Delisted) (TWTR.US)$
$Amazon (AMZN.US)$
$Advanced Micro Devices (AMD.US)$
$NVIDIA (NVDA.US)$
$Tesla (TSLA.US)$
$Sea (SE.US)$
$Futu Holdings Ltd (FUTU.US)$
$Moderna (MRNA.US)$
$Uber Technologies (UBER.US)$
$Salesforce (CRM.US)$
$iSpecimen (ISPC.US)$
![SEC gave the green light to the proposed merger between AGC and Grab, 2nd Dec](https://ussnsimg.moomoo.com/moo-1638264539-101640635-iPhone-1-org.jpg/thumb)
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4
Blastnova
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Blastnova
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$Exela Technologies (XELA.US)$ . maiduliao
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