Singapore-based ride-hailing and food delivery giant Grab could raise at least $2 billion with its intended initial public offering in the US this year, marking the largest overseas share offering by a Southeast Asian company.
According to sources, the size of the issue and period have not been finalized and are subject to market conditions.
Grab, which is present in eight Southeast Asian countries, has grown to become the region’s most valuable startup worth more than $16 billion since its founding in 2012 as a ride-hailing venture in Malaysia.
The company now offers financial services and recently received a digital bank license in Singapore in partnership with Singtel.
Grab's ride-hailing business is breaking even in all its operating markets and expects its food delivery business to likewise break even by the end of the year.
Grab's backers include SoftBank Group Corp and Mitsubishi UFJ Financial Group.


Instagram Outage Disrupts Thousands of U.S. Users
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 



