Altimeter, Thiel buy SE Asia companies via SPACs

Singapore company Grab Holdings will go public via a U.S. based SPAC, Altimeter Growth Corp., a blank check company backed by Altimeter Capital.

Grab is a web-based food delivery and ride hailing company, the largest company in that space in southeast Asia. The deal, announced Tuesday, values Grab, coming off a strong financial performance in 2020, at $39.6 billion. 

In other news from southeast Asia’s web companies: Traveloka, a Jarkata, Indonesia-based company that operates an online-travel search engine of the same name, is said to be in advanced . . .

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Christopher Faille

Christopher Faille has written on a variety of legal, regulatory, and financial issues for decades. He is the author of "The Decline and Fall of the Supreme Court" (1995), for example, and the coauthor, with David O'Connor, of "Basic Economic Principles" (2000). He was an early reporter with Lipper HedgeWorld and has contributed to Forbes and to the Hedge Fund Law Report.

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