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Grab CEO on the Benefits of SPAC Deal over Traditional IPO
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.