Report: Grab eyes secondary listing in Singapore after US debut

Details:

• The move would allow Grab to have an investor base in its home market as well as give its customers and partners an easier way to trade its shares.
• The company has enough cash reserves, so it may target only a small amount on the Singapore Exchange (SGX). But a listing will still be a major win for the bourse, one of the sources added.

Context:

• SGX has largely only seen big-ticket listings from real estate investment trusts, according to the report. Regional companies have also delisted from the exchange, as it only has a small base of retail investors.
• Grab recently announced its plans to go public in the US through a deal with special purpose acquisition company (SPAC) Altimeter Growth.