Grab’s $40bn SPAC Plan Puts CEO Anthony Tan in Driver’s Seat (Nikkei Asia)

Singapore-based Grab has big plans to go public by the end of this year. Managed through a special purpose acquisition company, or SPAC, the move is set to give CEO Anthony Tan 60.4% of the voting rights but only a 2.2% ownership stake.
Will Tan be able to build confidence among investors who might harbor governance concerns? The outcome could set the future course for IPOs across the region. READ MORE (GOOGLE CACHE)

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