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#1
03-12-2021, 02:40 PM
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Grab lao sai liao! falls 20% on first day of trading!
An honorable member of the Coffee Shop Has Just Posted the Following:
Southeast Asia’s ride-hailing giant Grab fell sharply on its first day trading on the Nasdaq, after becoming the largest-ever company to close a SPAC merger and go public. Shares opened the trading day at $13.06 apiece under ticker symbol “GRAB,” following a deal with Altimeter Growth Corp. that valued the four-time CNBC Disruptor 50 company at nearly $40 billion. But they lost more than a fifth of their value by Thursday’s closing bell, finishing more than 20% lower at $8.75 apiece... Read more Click here to view the whole thread at www.sammyboy.com. 
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