In 2020, the Altimeter Growth 1 SPAC raised $450 million and its share price increased by 25 percent, according to The Financial Times. Altimeter has backed two SPACs - Altimeter Growth Corp and Altimeter Growth Corp 2. Close. S outheast Asian ride-hailing company Grab has announced its plan to go public in partnership with a New York-listed special purpose acquisition company (SPAC) controlled by Altimeter Growth. 9. ... and in early January, added a second, Altimeter Growth Corp. 2 (AGC 2), valued at $400 million. The Journal was unable to determine which of the two SPACs Altimeter would use for the merger. At Altimeter, our mission is to help visionary entrepreneurs build iconic companies, disrupt markets and improve lives through all stages of growth. AGC Stock and AGCB Stock Climb on Altimeter Merger News FYI - Altimeter Growth Corp. Why Grab will win the Battle for Asean. Altimeter Growth has two SPAC units for merging with private companies to take them public. Altimeter Growth : SPAC returns trail S&P 500 as retail investors temper interest. Silicon Valley-based venture capital firm Altimeter, which manages more than $15 billion in public and private tech investments, has backed two SPACs – Altimeter Growth Corp 1 and Altimeter Growth Corp 2. Brad Gerstner founded Altimeter Capital and has grown it to $16.3 billion of Assets Under Management (AUM). Characteristics; … These include Altimeter Growth 1 and ... SPAC IPOs appear to give companies more legal protection for issuing forecasts about their growth. Grab is set to merge with Altimeter Growth Corp. 1, one of two SPACs run by Altimeter Capital and ex-Zillow board member Brad Gerstner. In addition to sponsoring two of its own SPACs, Altimeter has invested in PIPE deals that accompanied blank-check mergers for fintech company SoFi, used car marketplace operator Cazoo and genetic sequencing company 23andMe. Altimeter Growth : SPAC returns trail S&P 500 as retail investors temper interest. Posted by 17 days ago. The Wall Street Journal reported Thursday that Grab is in negotiations with one of Altimeter’s SPACs, without identifying the specific vehicle. ... (SPACs) - Altimeter Growth Corp. Related Stories. Altimeter Growth: 11.35: 500m: tech: SPAC & New Issue ETF . Altimeter has backed two SPACs - Altimeter Growth Corp and Altimeter Growth Corp 2. Altimeter is basically a $500 million pot of money listed on Nasdaq that was looking for a target to merge with (which is why SPACS are sometimes called “blank check” companies). The deal values the company at US$39.6 billion, the largest SPAC merger to date. The merger would be with one of the US investment firm’s two Altimeter Growth Spacs and would come after Grab’s board agreed to a preliminary deal last month. Founded in 2012, Grab offers access to a regional consumer market of more than 655m people across countries including … One analyst said the hiccup is ‘unsurprising’, with US regulators stepping up their checks due to the influx of SPACs; Learn how you can buy and sell Grab shares before and after the merger by opening an IG account; Grab delays blank-cheque merger to Q4 of 2021. SPACs generally get a pop when they announce a target. Altimeter Capital had launched a second SPAC targeting tech companies. 2) Seven Oaks Acquisition Corp. (SVOK) is in talks to merge with Boxed, an online grocery retailer, at a valuation of more than $1B, according to Bloomberg. Thinking of investing in new companies before they become household names? Pre-target Top-50; Leadership Table; Pre-target Cards; Top-50 SPACs. And at closing, the combined company is expected to receive approximately US$4.5 billion in cash proceeds, including more than US$4 billion … Mr. Siam also currently serves as Altimeter's General Counsel . Google, UnderArmour and Facebook were holdings in our IPO investment strategies when they were newly public. SPACs are shell companies that raise funds through an initial public offering to make a private company, public. Altimeter is a Silicon Valley group known for investing in late-stage technology companies. Altimeter Growth: 11.35: 500m: tech: SPAC & New Issue ETF . Altimeter already has Altimeter Growth Corp and Altimeter Growth Corp 2 SPACs, which raised $450 million and $400 million in IPO respectively. The WSJ report did not specify which of the two SPACs Grab was in talks with. They are not thought to be likely to object, since they would gain liquidity and … Top-100 SPAC Warrants; SPAC Warrants (Live Table) ... Other Key People:Hab Siam serves as the General Counsel of Altimeter Growth Corp. 2. Altimeter Growth Corp. - Renaissance Capital. May 4 (Reuters) - As retail investors pump less money into blank-check companies, returns on those stocks are badly underperforming versus the S&P 500. Representatives for Grab and Evercore declined to comment, while a spokesperson for Altimeter Growth didn’t immediately respond to a request for … Silicon Valley-based venture capital firm Altimeter has backed two SPACs – Altimeter Growth Corp and Altimeter Growth Corp 2. 7 Altimeter overview – Grab’s long term partner + ~$16B Total Firm AUM ~$12B Total Private Capital Managed ~79% Net IRR (VC) Entrepreneur led firm dedicated to helping founders innovate and change the world Leading mid-stage silicon valley, growth VC brandLeading late-stage, crossover investorDeep public capital market relationshipsExtensive experience in direct listings, IPOs, and SPACs … Altimeter Growth Corp. 2 is a blank-check company incorporated as a Cayman Islands exempted company, which was incorporated to consummate a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. After announcing the $40 billion purchase of Singapore-based Grab Holdings Inc. on Tuesday, shares of Altimeter Growth Corp. rallied 10%, but remain 15% below a January high. Deliberations are ongoing, and details of the potential transaction could change, the people said. The agreement has been held up as a crucial first test for south-east Asian unicorns that are preparing to go public this year. He is a winner! Special purpose acquisition companies, … We are founders supporting founders and we believe competition around the IPO process offers companies important flexibility and choice. Rich Barton is a Director of Altimeter Growth Corp 2. Altimeter Growth Corp 2 is a SPAC that's focused on the tech sector.It is headed by VC Brad Gerstner. Altimeter Growth Corp. TRADING QUOTES MANAGEMENT & BOARD Executive Officers Brad Gerstner, 49Chairman, Chief Executive Officer and President Mr. Gerstner founded Altimeter in 2008 with a mission to build a leading technology focused investment firm and serves as its Chief Executive Officer. As of April 12, AGC stock was trading at $13.93 on Nasdaq. Characteristics; Holdings; How it works ; Intl IPO ETF. “@DennisHong17 Surprised to see Altimeter Growth on the list as it trades pretty close to NAV relative to other SPACs on the list. 3 Top SPACs for Tech Investors Altimeter Growth Corp. (NASDAQ: AGC ) This SPAC is being run by one of the top tech investors of the decade, Brad Gerstner, the Founder of Altimeter. Altimeter Growth Corp. TRADING QUOTES MANAGEMENT & BOARD Executive Officers Brad Gerstner, 49Chairman, Chief Executive Officer and President Mr. Gerstner founded Altimeter in 2008 with a mission to build a leading technology focused investment firm and serves as its Chief Executive Officer. Mr. Barton is the co-founder of Zillow Group, Inc. (“Zillow”) and has served as its Chief Executive Officer since February 2019. Altimeter Growth Corp. 2 is listed on the stock exchange with the ticker / Symbol AGCB, AGCB SPAC all time high was $15,21 and the lowest price in the last 52 week was: , the current AGCB stock price is $10,58. The amount could still change once Grab and … Silicon Valley-based venture capital firm Altimeter has backed two SPACs - Altimeter Growth Corp and Altimeter Growth Corp 2. The key point is that he doesn't need to do a SPAC. 7 Altimeter overview – Grab’s long term partner + ~$16B Total Firm AUM ~$12B Total Private Capital Managed ~79% Net IRR (VC) Entrepreneur led firm dedicated to helping founders innovate and change the world Leading mid-stage silicon valley, growth VC brandLeading late-stage, crossover investorDeep public capital market relationshipsExtensive experience in direct listings, IPOs, and SPACs Altimeter’s … The merger would be with one of the US investment firm’s two Altimeter Growth Spacs and would come after Grab’s board agreed to a preliminary deal last month. Altimeter Growth Corp. and Altimeter Growth Corp. 2 surged as much as 29% and 16%, respectively, as its unclear which SPAC is in talks to merge with Grab. Briefs: Digital Realty mulls US$300 mil Singapore trust IPO, Grab … Altimeter has two publicly listed SPACs: Altimeter Growth Corporation (AGC) and Altimeter Growth Corporation 2. Altimeter is a Silicon Valley group known for investing in late-stage technology companies. Grab is a web-based food delivery and ride hailing company, the largest company in that space in southeast Asia. Altimeter, Thiel buy SE Asia companies via SPACs. Briefs: Digital Realty mulls US$300 mil Singapore trust IPO, Grab … Altimeter Growth Corp. and Altimeter Growth Corp. 2 surged as much as 29% and 16%, respectively, as its unclear which SPAC is in talks to merge with … Out-of-control shipping costs fire up … Founded in 2012, Grab offers access to a regional consumer market of more than 655m people across countries including … The combined company is expected to have an equity value on a pro-forma basis of approximately US$39.6 billion. Altimeter Growth Corp. 2 is listed on the stock exchange with the ticker / Symbol AGCB, AGCB SPAC all time high was $15,21 and the lowest price in the last 52 week was: , the current AGCB stock price is $10,58. Altimeter SPAC Reportedly in Deal Talks with Grab Mar 11, 2021 INTEL by Nicholas Alan Clayton Southeast Asian ride-hailing and food delivery company Grab is reportedly in merger talks with one of Altimeter Capital Management’s two SPACs: Altimeter Growth Corporation (NASDAQ:AGC) or Altimeter Growth Corp. 2 (NYSE:AGCB), according to Reuters. The latest volume was: 46.227. Altimar pulled off a successful deal at the end of 2020 with the mashup of its $275 million SPAC with Owl Rock Capital Group and Dyal Capital Partners. AGCB has an overall market cap of: $606.762.995. Shares in Altimeter Growth Corp are trading near all-time lows at $11.61 as of June 9. ... and in early January, added a second, Altimeter Growth Corp. 2 (AGC 2), valued at $400 million. Altimeter Growth Corp. does not have significant operations. However, it is not clear which Alitmeter’s SPACs Grab was in talks with. Southeast Asia’s largest ride-hailing company, Grab Holdings, said Tuesday, April 13, 2021 that it plans to merge with U.S.-based Altimeter Growth Capital in a deal that would value it at nearly $40 billion in preparation for an initial public offering in the U.S. (AP Photo/Tatan Syuflana, File) Pre-target SPACs. The deal values the company at US$39.6 billion, the largest SPAC merger to date. After a frenzy of listings, the SPAC market has been hit by a crackdown by the U.S. Securities and Exchange Commission as well as lawsuits from shareholders, … The agreement has been held up as a crucial first test for south-east Asian unicorns that are preparing to go public this year. The NYSE-traded stock is also near all-time lows, having traded sideways for most of the last three months. It's been a rumor for a little while now and today we have it -- Brad Gerstner's Altimeter Growth is taking Grab public in a deal valued at $30.36B ($40B equity value). The agreement has been held up as a crucial first test for south-east Asian unicorns that are preparing to go public this year. (Bloomberg) — Altimeter Growth Corp., the blank-cheque company merging with internet giant Grab Holdings Inc., is hovering just a few cents above its record low after cratering 28% since the deal was unveiled in April. SINGAPORE (May 14): Altimeter Growth Corp, the blank-cheque company merging with internet giant Grab Holdings Inc, is hovering just a few cents above its record low after cratering 28% since the deal was unveiled in April. Applied to Grab and Altimeter, the timeline goes like this: Altimeter Capital Management, the Sponsor, creates a SPAC (similar to how Mapletree will sponsor Mapletree Commercial Trust – the sponsor manages the whole thing and takes up a big initial stake) SPAC IPOs as Altimeter Growth Corp (Nasdaq: AGC), raising $750 million; Identify a target (Grab) For those who do not know Relativity Space, this company is known for THE WORLD'S FIRST 3D PRINTED ROCKET. Grab’s SPAC IPO – Altimeter Growth Corp. Altimeter Growth Corp 2 is a SPAC that's focused on the tech sector.It is headed by VC Brad Gerstner. For Grab to team up with Altimeter, the Singaporean company would need its main shareholders onside, including SoftBank and Uber. Investment Products. The warrants haven't come on line yet for some reason. AGCB has an overall market cap of: $606.762.995. That's despite the firm's relatively modest public fundraising record, at … Grab is unlike any company in the US or Europe. Mr. Siam also currently serves as Altimeter's General Counsel … Altimeter's second tech SPAC Altimeter Growth Corp. 2 files for a $200 million IPO. This ETF offers exposure to several dozen SPACs using a simple method of buying pre-deal SPACs near the IPO price, then selling the pops on deal announcements, or redeeming shares while keeping warrants. Pursuant to the proposed transactions, Altimeter Growth and Grab will become wholly-owned subsidiaries of a new holding company. On its part, Grab is understood to … No more pages to load. Altimeter manages about $16 billion in assets, according to a regulatory filing from Grab. Rich Barton is a Director of Altimeter Growth Corp 2. Shares of last year's Altimeter Growth Corp. (NYSE:AGCUU) are up by about 45%, closing on Thursday at $14.50, despite the fact that it hasn't identified its merger target. Grab founder and CEO Anthony Tan is set to own about 2% of the publicly traded … AGC Stock: What to Know Now About the $40 Billion Grab SPAC Merger Grab SPAC? Altimeter’s two listed SPACs are the Altimeter Growth Corporation (NASDAQ: AGC) and Altimeter Growth Corp 2 (NYSE: AGCB), which respectively raised USD 450 million and USD 400 million. Altimeter Growth Corp.-- set to be one of the largest-ever mergers with a special purpose acquisition company -- to the fourth quarter as it works on an audit of the past three years. Altimeter Growth has two SPAC units for merging with private companies to take them public. Grab Holdings has pushed back the completion date of its merger with SPAC Altimeter Growth Corp and initial public offering (IPO) to … Altimeter, Thiel buy SE Asia companies via SPACs. AGCB is currently in stage: 2. Sources today claim that Grab will merge with Altimeter Growth 1. Altimeter's previous SPAC, Altimeter Growth Corp. (AGCUU), went public in September 2020 and last closed up 37% from the $10 offer price. That sell-off came after Southeast Asia's most valuable start-up announced a deal on … Southeast Asia’s largest ride-hailing company, Grab Holdings, said Tuesday that it plans to merge with U.S.-based Altimeter Growth Capital in a deal that would value it at nearly $40 billion and allow it to trade on the Nasdaq Stock Market. Mr. Barton is the co-founder of Zillow Group, Inc. (“Zillow”) and has served as its Chief Executive Officer since February 2019. Announces the Separate Trading of its Class A Ordinary Shares and Warrants, Commencing November 23, 2020. And at closing, the combined company is expected to receive approximately US$4.5 billion in cash proceeds, including more than US$4 billion … If you don’t want to manage the SPAC basket yourself, and it does require management of the units and splitting them up to stock … Altimeter Growth Corp. is a newly formed blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. As part of the deal, Grab is likely to merge with Altimeter Growth Corp 1, one of Altimeter Capital’s SPAC vehicles, which raised $450 million last year. Terms & conditions. May 4 (Reuters) - As retail investors pump less money into blank-check companies, returns on those stocks are badly underperforming versus the S&P 500. de-SPAC Top-50; Active SPACs Top-50; Pre-target Top-50; After-hours Top-50; Warrants. Trending Now . The combined company is expected to have an equity value on a pro-forma basis of approximately US$39.6 billion. 3 Top SPACs for Tech Investors Altimeter Growth Corp. (NASDAQ: AGC ) This SPAC is being run by one of the top tech investors of the decade, Brad Gerstner, the Founder of Altimeter. Gerstner has been running a tech-focused investment firm called Altimeter since 08'. There have been rumors that Altimeter Growth SPAC might take ride-hailing company Grab public. Grab will potentially raise between $3 billion and $4 billion from private investors in the SPAC merger. Altimeter Growth Corp. and Altimeter Growth Corp. 2 surged as much as 29% and 16%, respectively, as its unclear which SPAC is in talks to merge with Grab. The merger would be with one of the US investment firm’s two Altimeter Growth Spacs and would come after Grab’s board agreed to a preliminary deal last month. The WSJ report did not specify which of the two SPACs Grab was in talks with. Mr. Barton is the co-founder of Zillow Group, Inc. (“Zillow”) and has served as its Chief Executive Officer since February 2019. de-SPAC Top-50; Active SPACs Top-50; Pre-target Top-50; After-hours Top-50; Warrants. Grab, which has expanded into food delivery, actively considered the idea of … It turns out tha Brad Gerstner, who serves as the CEO of Altimeter Growth Corp. (AGC) and Altimeter Growth Corp.2 (AGCB), made $140M investment in Relativity Space on Oct 1, 2019, according to Crunchbase ( https://www.crunchbase. 7 Altimeter overview – Grab’s long term partner + ~$16B Total Firm AUM ~$12B Total Private Capital Managed ~79% Net IRR (VC) Entrepreneur led firm dedicated to helping founders innovate and change the world Leading mid-stage silicon valley, growth VC brandLeading late-stage, crossover investorDeep public capital market relationshipsExtensive experience in direct listings, IPOs, and SPACs Altimeter’s … The merger would be with one of the US investment firm’s two Altimeter Growth Spacs and would come after Grab’s board agreed to a preliminary deal last month. S outheast Asian ride-hailing company Grab has announced its plan to go public in partnership with a New York-listed special purpose acquisition company (SPAC) controlled by Altimeter Growth. Silicon Valley-based venture capital firm Altimeter has backed two SPACs - Altimeter Growth Corp and Altimeter Growth Corp 2. Grab is a web-based food delivery and ride hailing company, the largest company in that space in southeast Asia. Top-100 SPAC Warrants; SPAC Warrants (Live Table) ... Other Key People:Hab Siam serves as the General Counsel of Altimeter Growth Corp. 2. It's the largest SPAC merger of all time, with Altimeter Growth Corp (AGC) finally striking deal with Singapore's Grab at nearly a $40B equity value. If he invests in a controversial company (such as Nikola) he could face reputation risk, which could impact his main business. The firm’s second SPAC, Altimeter Growth Corp. 2, started trading in January. SPAC stands for “special purpose acquisition company,” but they are often better known as “blank-check companies.” With a SPAC, investors plug in cash and then … The SPAC listed on Nasdaq last September, raising $450 million, and hit a high of $18 in January. At Altimeter, our mission is to help visionary entrepreneurs build iconic companies, disrupt markets and improve lives through all stages of growth. A SMALL IPO WINDOW. With the deal, Grab would further collect between USD 3 billion and USD 4 billion through a private investment in public equity (PIPE) prior to the listing. Grab is set to merge with Altimeter Growth Corp. 1, one of two SPACs run by Altimeter Capital and ex-Zillow board member Brad Gerstner. S outheast Asian ride-hailing company Grab has announced its plan to go public in partnership with a New York-listed special purpose acquisition company (SPAC) controlled by Altimeter Growth. Singapore company Grab Holdings will go public via a U.S. based SPAC, Altimeter Growth Corp., a blank check company backed by Altimeter Capital. As part of the deal, Grab is likely to merge with Altimeter Growth Corp 1, one of Altimeter Capital’s SPAC vehicles, which raised $450 million last year. Pursuant to the proposed transactions, Altimeter Growth and Grab will become wholly-owned subsidiaries of a new holding company.
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