SEA

While Grab did not disclose the financials of the transaction in the filing, the deal is said to be worth between MYR1.5 billion ($354 million) and MYR1.8 billion ($425.42 million), local media reported, quoting sources.

The company was said to be among some 170 firms that applied to the Monetary Authority of Singapore for a permit to offer cryptocurrency services.

Golden Gate's move comes at a time when Southeast Asia is attracting more investors into the region.

Vingroup had set up a Singapore-based holding company owning a stake in Vinfast's operations in Vietnam to fuel the IPO process.

Prenetics, which is expected to go public on the Nasdaq in the first quarter of next year, is also actively looking for local partners in Southeast Asia.

Altimeter Growth Corp announced that its shareholders approved the business combination with Grab at an extraordinary meeting of shareholders on Tuesday.

Companies in Southeast Asia raised a record of $9.8 billion from 121 Initial Public Offerings (IPO) this year, out-performing the full calendar year 2020. The momentum in IPO activity continues to grow even as the region is still battling the Covid-19 pandemic, with the number of IPOs up by 6 percent, total funds raised rose by 39 percent and the total IPO…

Funding Societies launched its green loans product at a time when environmental, social, and governance (ESG) investing and sustainable investing are gaining traction in the investing fraternity.

Altimeter Growth Corp will hold the EGM on Nov 30 to seek shareholder approval for the merger.

The firm is keen to pursue acquisitions in categories that augment its loyalty point ecosystem, as well as e-Commerce and online travel.