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Analysis: The rise and rise of Southeast Asian tech giant Grab

A few days ago, it was announced that food delivery giant Grab Holdings is reportedly seeking a listing in the US. It could float as soon as this week through a merger with one of Altimeter Capital Management’s SPACs (Special Purpose Acquisition Company), which is already listed on the stock market. Talk of an IPO for the ride-hailing and food delivery app comes hot on the heels of the flotation of Deliveroo in London last week. That listing was not exactly a success, with Deliveroo’s stock