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Home Gadgets SoftBank-backed Grab said to weigh US IPO via SPAC merger

SoftBank-backed Grab said to weigh US IPO via SPAC merger


Bengaluru: Seize Holdings Inc. is in talks to go public by a merger with
special purpose acquisition company (SPAC) managed by Altimeter Capital Administration LP that might worth the SoftBank Group Corp.-backed ride-hailing firm at almost $40 billion, the Wall Avenue Journal reported on Thursday.

The Singapore-based firm is predicted to boost between $3 billion and $4 billion from personal traders,
the report added.

Reuters first reported on Jan. 18, citing sources, that Seize was exploring an inventory in the US.

Altimeters didn’t instantly reply to a Reuters request for remark, whereas Seize couldn’t be reached exterior common enterprise hours.

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