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Grab chose SPACs to save over a billion dollars over a traditional IPO
01:56 - 15:38 (13:42)
Grab founder Anthony Tan discusses SPACs versus traditional IPOs and how the company was able to save over a billion dollars through their decision to go public using a SPAC.
Clips
Former NYSE President Tom Farley talks about the advantages of direct listings over IPOs and the exciting innovation in the capital markets space being pioneered by individuals like Chamath Palihapitiya.
01:56 - 04:36 (02:39)
Summary
Former NYSE President Tom Farley talks about the advantages of direct listings over IPOs and the exciting innovation in the capital markets space being pioneered by individuals like Chamath Palihapitiya.
ChapterGrab chose SPACs to save over a billion dollars over a traditional IPO
EpisodeE29: Coinbase goes public, direct listings vs. IPOs, portfolio management, unions & more with Bestie Guestie Brad Gerstner
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Grab's CEO believes that by entering into a SPAC deal instead of a traditional IPO, the company was able to save over a billion dollars in indirect costs for employees and shareholders through the significant investment made by the company in the market, resulting in a 20 to 30 percent higher price.
04:36 - 12:06 (07:29)
Summary
Grab's CEO believes that by entering into a SPAC deal instead of a traditional IPO, the company was able to save over a billion dollars in indirect costs for employees and shareholders through the significant investment made by the company in the market, resulting in a 20 to 30 percent higher price. This decision also allowed for more flexibility in share sales, where all employees except senior management can sell their shares on the day of the deal.
ChapterGrab chose SPACs to save over a billion dollars over a traditional IPO
EpisodeE29: Coinbase goes public, direct listings vs. IPOs, portfolio management, unions & more with Bestie Guestie Brad Gerstner
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
With seven million unused vaccine doses in California, the recall election for Governor Newsom may come too late as the economy booms and the pandemic ends.
12:06 - 15:38 (03:32)
Summary
With seven million unused vaccine doses in California, the recall election for Governor Newsom may come too late as the economy booms and the pandemic ends. Additionally, Newsom's inability to guarantee school reopenings in the fall has led some to criticize his leadership, with some potential candidates offering different solutions.