By a Southeast Asian organization, gets plunges 21% in greatest Wall Street debut
Southeast Asia's ride-hailing monster Grab fell forcefully on its first day exchanging on the Nasdaq, in the wake of turning into the biggest at any point organization to close a SPAC consolidation and open up to the world.
Shares opened the exchanging day at $13.06 each under ticker image "Snatch," following an arrangement with Altimeter Growth Corp. that esteemed the four-time Disruptor 50 organization at almost $40 billion. In any case, they lost in excess of a fifth of their worth by Thursday's end chime, completing over 20% lower at $8.75 each.
The Southeast Asian unicorn Grab had a harsh first day on Wall Street.The Singaporean startup shut down almost 21% Thursday as it started exchanging on New York's Nasdaq.
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