Saturday 8 May 2021
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scmp - 21 days ago

Tech titans Grab, Traveloka, PropertyGuru eye US listings via SPAC merger – but what of Asia’s bourses?

When the Singapore-headquartered super app Grab announced on Tuesday that it was going public in the United States via a merger with a special purpose acquisition company (SPAC), it caused a flurry of excitement. And it’s not the only Southeast Asian tech company eyeing a listing via such a move.Indonesian unicorn Traveloka, an online travel booking platform, is also reportedly in advanced discussions to go public in the US through a SPAC merger, as is Singapore online real estate firm…


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