Deep Dive: Grab’s rollercoaster of an IPO

<p>Grab, one of the region’s most valuable tech companies, made its Nasdaq debut last month after a record US$40 billion merger with Altimeter, a New York-listed blank-check company.</p> <p>However, the super app’s first few weeks of public life haven’t been the easiest, with its shares ending at US$7.12 apiece last week – a roughly 45.5% discount to their opening price in December.</p> <p>In this episode of <em>Deep Dive</em>, <em>Tech in Asia</em>’s Terence Lee, Aditya Hadi Pratama, and Simon Huang discuss Grab’s ride to the public market, its financial performance over the past year, and its prospects for the future.</p> <h3>Timecodes:</h3> <p>00:00 – Intro music<br /> 00:47 – Today’s topic: Grab’s rollercoaster of an IPO<br /> 01:55 – The hype when the bell was rung<br /> 03:14 – When Grab’s share prices began dipping<br /> 03:57 – Several factors contributed to the fall in share prices<br /> 05:15 – Grab’s plan to release more shares into the market<br /> 06:48 – Looking at Grab’s financial performance in 2021<br /> 09:24 – Grab’s Vietnam business<br /> 10:12 – Will incentive-driven growth last?<br /> 13:22 – Prospects for the future of Southeast Asia’s IPOs</p> <h3>Featured reporters:</h3> <ul> <li><a href= "https://www.techinasia.com/profile/terence-lee">Terence Lee</a>, editor-in-chief at <em>Tech in Asia</em></li> <li><a href= "https://www.techinasia.com/profile/aditya-hadi-pratama">Aditya Hadi Pratama</a>, a <em>Tech in Asia</em> journalist based in Jakarta, Indonesia</li> <li><a href="https://www.techinasia.com/profile/simon-huang">Simon Huang</a>, <em>Tech in Asia</em>’s industry analyst based in Singapore</li> </ul> <h3>Essential reading:</h3> <ul> <li><a href= "https://www.techinasia.com/grabs-financial-health-8-charts?utm_source=article&utm_medium=website&utm_campaign=growth-podcast-grabiporollercoaster"> Grab’s financial health in 8 charts</a></li> <li><a href= "https://www.techinasia.com/grab-shares-dip-over-10-percent-nasdaq-strong-opening?utm_source=article&utm_medium=website&utm_campaign=growt