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SPAC Deep Dive

Each week we’ll identify and break down for you SPACs that are capturing market share and making an impact.

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<ul><li>Despite a lot of enthusiasm leading up to the merger with SPAC Altimeter Growth Corp, Grab has had a weak market debut, with shares down nearly 30% this week.</li><li>Much of the excitement surrounding the deal stems from the fact that Grab holds the crown for the biggest SPAC deal to date and the underlying factors surrounding the valuation</li><li>At its current valuation, there is little room for upside, especially given the regulatory risk and the highly fragmented nature of some markets leading to more competition</li></ul>

Despite a lot of enthusiasm leading up to the merger with SPAC Altimeter Growth Corp, Grab has had a weak market debut, with shares down nearly 30% this week.Much of the excitement surrounding the deal stems from the fact that Grab holds the crown for the biggest SPAC deal to date and the underlying factors surrounding the valuationAt its current valuation, there is little room for upside, especially given the regulatory risk and the highly fragmented nature of some markets leading to more competition

Grab is Worth More Than the Sum its Parts

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<ul><li>Two SoftBank-backed tech companies, Better (merging with AURC) and Grab (merger with AGC approved today), are about to receive a major capital infusion.</li><li>Better, announced it reworked its merger agreement to give the company access to $750M bridge financing now</li><li><p>Grab is set to close its SPAC merger tomorrow, giving the Southeast Asian “super-app” an estimated $4.5B in cash proceeds.</p></li></ul>

Two SoftBank-backed tech companies, Better (merging with AURC) and Grab (merger with AGC approved today), are about to receive a major capital infusion.Better, announced it reworked its merger agreement to give the company access to $750M bridge financing nowGrab is set to close its SPAC merger tomorrow, giving the Southeast Asian “super-app” an estimated $4.5B in cash proceeds.

2 SoftBank-backed companies getting an early Christmas present

United States

Altimeter Growth Corp operates as a blank check company. The Company aims to acquire one and more businesses and assets, via a merger, capital stock exchange, asset acquisition, stock purchase, and reorganization.

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Altimeter Growth Corp (AGC US)

Grab is Worth More Than the Sum its Parts

Each week we’ll identify and break down for you SPACs that are capturing market share and making an impact. Despite a lot of enthusiasm...

subSPAC

2 SoftBank-backed companies getting an early Christmas present

Two SoftBank-backed tech companies, Better (merging with AURC) and Grab (merger with AGC approved today), are about to receive a major capital...

SPAC Track

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52-week Range

Market Cap (USDm)

P/E

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