Daily Poll: Reality is cruel. Grab's first day didn't turn out well.
$Grab Holdings(GRAB.US$ lost more than one-fifth of their value on their first day of trading in New York.
Shares fell 21% to $8.75, giving Grab a market capitalization of roughly $34.6 billion.
Shares fell 21% to $8.75, giving Grab a market capitalization of roughly $34.6 billion.
The Singapore-based company in April agreed to combine with the SPAC $Altimeter Growth Corp(AGC.US$ in a deal that valued it at close to $40 billion, setting a high-water mark for transactions involving blank-check companies.
Even though it does hold great potential, the reality is cruel. Its first-day performance didn't reach people's expectations.
Even though it does hold great potential, the reality is cruel. Its first-day performance didn't reach people's expectations.
What's the reason that caused it to drop? Would you like to tell about your observation?
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Aloner : why is the market not favorable towards grab? isn't SEA market a growth market?
GT1982 : Unfamiliarity + Omicron + loss making = bad time to IPO.
Machiavellis3rdEye : Because the entire market is ducking rigged!! Lol. DUh.
MauriceThePrince : I don’t see how Grab can be profitable in US market.
zhixi0123 : Because the reason Grab go for IPO simply just want to get more cash to burn.
IcySilver : Current market condition is quite volatile. Perhaps the deal was overvalued too.
DwarfCo : Losing money every quarter
Biggy168 : Tt is the current excuse, blame it on
Omicron, tt most stks dive sharply, but hey, it's buying opportunity for those good Fa companies, esp when they hv ran up so much, it's just bad timing tt Grab debut at the wrong time... Hm they shud hv select an auspicious day, never consult the TUNG SHEN
siong9088 : Time, location, poor