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One ride-hailing company is preparing to IPO . . .
And it selected JP Morgan and Morgan Stanley as investment bankers.
Go here to discover the billionaire’s secret for buying Pre-IPO shares.
Grab (private) is a leading ride-sharing service in Southeast Asia.
The company is the Asian version of Uber (NYSE: UBER) and Lyft (NASDAQ: LYFT).
It provides rides for individuals. Plus, the company also has good delivery services and offers a mobile payment app.
Last year the company’s revenue jumped 70%.
The company operates in Singapore, Malaysia, Cambodia, Indonesia, Myanmar, Philippines, Thailand, Vietnam and Japan.
Grab was the first startup in the region to command a value exceeding $10 billion.
Japan’s Softbank Group (OTC: SFTBY) has been a big investor in Grab. In 2019 the firm invested $2 billion in Grab.
Grab was valued at $14 billion BEFORE the $2 billion Pre-IPO infusion from Softbank.
Inside the Upcoming Grab IPO
At least $2 billion could be raised in the Grab IPO, according to a Bloomberg report.
The Grab IPO is expected between April and June of this year.
Ahead of the Grab IPO, initial reports didn’t provide any estimate in the company’s total valuation. However, Grab was valued at $16 billion after its last financing.
It’s likely that the Grab IPO could command a valuation exceeding $20 billion.
The IPO boom continues in 2021 . . .
Over 129 private companies have filed to go public in the last 90 days. And they’re planning to raise $42.9 billion from investors.
Go here for details on my #1 Pre-IPO to Buy Now.
This new company is creating a next-generation lithium ion battery.
It’s currently being “beta tested” in nearly 30,000 vehicles. And it could power EVs including cars, buses, delivery trucks and industrial equipment.
THIs battery can go from ZERO to 100% charged in just 15 minutes!
Plus, its non-flammable. That makes it considerably safer than current EV batteries.
This new company is quietly preparing to go public. And it’s likely to start trading in February.
My price target suggests 460% profit potential AFTER the IPO.
Click here ASAP for my urgent briefing.
Yours in Wealth,
Ian Wyatt