[Asia Economy Reporter Kwon Jae-hee] Grab, Southeast Asia's largest ride-hailing and food delivery service platform, is planning to list on the New York Stock Exchange within this year.
According to major foreign media on the 18th (local time), Grab is preparing for a New York Stock Exchange listing in response to investor demands.
Major foreign media, citing sources, reported that Grab's initial public offering (IPO) size is expected to be at least $2 billion (approximately 2.2 trillion KRW), and if the IPO takes place, it is likely to be the largest overseas stock offering by a Southeast Asian company to date.
The source said, "Grab's business is doing well," adding, "This situation will have a positive effect on the IPO."
Another source stated, "The timing and size of Grab's IPO have not yet been decided," and "It depends on market conditions."
Grab, headquartered in Singapore, has not issued any specific statements regarding this.
Meanwhile, Grab, which started as a ride-hailing startup in Malaysia in 2012, has grown into a comprehensive economic platform encompassing delivery services as well as finance, payments, shopping, reservations, and insurance.
Known as the "Southeast Asian Uber," Grab's market value is estimated at about $16 billion (approximately 17.6496 trillion KRW).
Recently, it also received a digital banking license from the Singapore government.
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