Equity Analyst, LightStream Research

Shifara Samsudeen, ACMA, CGMA

A chartered management accountant with more than 10 years of rich experience in investment research and financial analysis. Worked as an equity analyst for one of the world's largest asset managers with USD2.5trn in AUM covering numerous sectors including chemicals, retail, tech, autos, telco, real-estate and banks, globally. Experienced in fundamental equity research, industry research, commodity studies, forensic accounting, and due diligence reviews.

Equity Analyst

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Grab: SOTP Suggests Steep Discount to Proposed SPAC Valuation

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Long-Short Analysis on Japan, Asia and the World

LightStream Research

LightStream conducts quantitatively rigorous and data-driven analysis with a focus on Japan and Asia.

We consistently cover the Tech, Consumer and Industrial sectors, and provide ECM and Events coverage more broadly.

We supplement traditional qualitative insights from company relationships with a robust quantitative foundation that examines as much historical data as is available.
We further refine the accuracy of our insights and calls through the use of alternative data to flesh out current trends, and through a valuation framework that emphasises non-superficial peer group selection and a proper attempt to understand the metrics and changes that have driven security valuations in the past.

Equity Capital Markets

<ul>
<li>Grab will start trading on Nasdaq today after Altimeter Growth Corp’s shareholders approved its merger with Grab on Tuesday.  </li>
<li>According to announcements in April, the deal will value the combine company at approx. US$39.6bn on a pro-forma basis and Grab will receive about US$4.5bn in cash.</li>
<li>The combined entity will trade under the ticker GRAB and will be one of the largest SPAC deals ever. Shareholder redemptions (shareholders opting out of the deal) were effectively 0.0%.</li>
</ul>


Grab will start trading on Nasdaq today after Altimeter Growth Corp’s shareholders approved its merger with Grab on Tuesday.  
According to announcements in April, the deal will value the combine company at approx. US$39.6bn on a pro-forma basis and Grab will receive about US$4.5bn in cash.
The combined entity will trade under the ticker GRAB and will be one of the largest SPAC deals ever. Shareholder redemptions (shareholders opting out of the deal) were effectively 0.0%.


Grab Holdings

Grab SPAC Listing: Avoid the Ride