The 40 billion dollar Grab app: super Spac lands on Wall Street

New record for the SPACs: the Asian “superapp” Grab will land on Wall Street thanks to a merger with a Special Purpose Acquisition Company that values ​​it almost 40 billion dollars. An all-time high for such a listing, which saw the company double in value within a year and a half.

Grab, which is based in Singapore, has announced that it will go public on Nasdaq and that as part of the transaction it will receive from a consortium of investors, thanks to a formula called Private investment …