By Mohit Oberoi, CFA. Altimeter … AGCB is currently in stage: 2. Altimeter Growth … The biggest SPAC deal yet. Singapore-based Grab Holdings announced it will go public on the NASDAQ stock exchange through a merger with special purpose acquisition company (SPAC) Altimeter Growth Corp. (NASDAQ: AGC) in a deal tha... Tens of billions of dollars is a lot of validation. Latest On Altimeter Growth Corp. Mark Cuban-backed banking app Dave going public via $4 billion SPAC June 7, 2021CNBC.com. Shares of the SPAC Altimeter Growth ( NASDAQ:AGCU.U) were down 4% on Tuesday morning. For example, shares of Altimeter Growth Corp have receded 16% since April 13, when it announced it would combine with ride-hailing and food delivery firm Grab Holdings in a deal worth almost $40 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. The latest volume was: 458.589. Apr. The Singaporean rideshare giant Grab is set to merge with the SPAC Altimeter Growth 1, according to a report from The Financial Times. The deal values the combined company at $35 billion and will give $2.5 billion in financing to Grab. Grab grew revenues 70% year-over-year in 2020 despite COVID-19 headwinds. Altimeter Capital launched its two SPACs in October and January, raising a combined $850 million between the two blank-check vehicles. Altimeter will also support any share sale under the SPAC deal. Altimeter Capital's tech SPAC Altimeter Growth Corp. files for a $450 million IPO. Grab will combine with the fund Altimeter Growth Corp (NASDAQ: AGC) that raised $450 million last year. ALTIMETER GROWTH CORP. (Exact name of registrant as specified in its charter) Cayman Islands. SINGAPORE, June 9 (Reuters) - Southeast Asia's Grab, which is going public through a merger worth $40 billion with special-purpose acquisition company Altimeter Growth Corp , said on Wednesday it expects to complete the business combination during the fourth quarter. Altimeter Growth is run by venture capitalist Brad … FORM 8-K. CURRENT REPORT. If he invests in a controversial company (such as Nikola) he could face reputation risk, which could impact his main business. The company had previously said it aimed to close the deal by July. AGC | Complete Altimeter Growth Corp. Cl A stock news by MarketWatch. Plan to raise around US$4.5 billion, with $750 million already raised by the SPAC, and another $4.0 billion to be raised via a PIPE (private placement) Sponsor shares (held by Altimeter… Altimeter Growth has two SPAC units for merging with private companies to take them public. Sources today claim that Grab will merge with Altimeter Growth 1. This company raised $250 million last year. Grab has raised $12 billion to date and has a cash reserve of about $5 billion. Altimeter Growth Corp. was founded in in 2020 and is based in Menlo Park, California. Companies in the industry of "--" are considered alternatives and competitors to Altimeter Growth, including ACE Convergence Acquisition (ACEVU), Ackrell SPAC Partners I (ACKIU), Adara Acquisition (ADRAU), Adit EdTech … Canopy Growth Corp. $26.09 + 5.54%. AGC is currently trading at $14.66 (started at $11.5 unlike other spacs) with average 3-month trading volume of 77.71K, whereas AGCB stands at $13.35 (started at $12.24) with average 3-month trading volume of 1.48M. Altimeter Growth Corp. is listed on the stock exchange with the ticker / Symbol AGC, AGC SPAC all time high was $18,11 and the lowest price in the last 52 week was: , the current AGC stock price is $11,79. Listing as a SPAC, or special purpose acquisition company, Altimeter stock jumped 9.9%, closing at 15.33 on the stock market today. Should you be buying AGCUU stock or one of its competitors? Altimeter will also support any share sale under the SPAC deal. WASHINGTON, DC 20549. Brad Gerstner founded Altimeter Capital and has grown it to $16.3 billion of Assets Under Management (AUM). 7 2021, Updated 8:14 a.m. $12.51 -0.87%. AGCB has an overall market cap of: $606.762.995. Altimeter Growth (OTCMKTS:AGCUU) Vs. ACEVU, ACKIU, ADRAU, ADEXU, IMPXU, and ARBGU. View real-time stock prices and stock quotes for a full financial overview. AltimeterGrowth.com is the website for the Altimeter Capital Markets Platform that includes special purpose acquisition vehicles and is separate from Altimeter Capital Management, LP which maintains a separate website at altimeter.com. (Bloomberg) -- Altimeter Growth Corp., the blank-check company merging with internet giant Grab Holdings Inc., is hovering just a few cents above … SoftBank Group Corp (OTC: SFTBF) (OTC: SFTBY)-backed Singapore’s ride-hailing and financial services start-up Grab is set for a U.S. public listing through Altimeter Capital’s SPAC (special purpose acquisition company) Altimeter Growth Corp (NASDAQ: AGC), in a deal valued at $35 billion by as early as this week, the Financial Times reports. Date of Report (Date of Earliest Event Reported): April 12, 2021. Most recently the company’s share price was $11.1, and it changed around -$0.31 or -0.03% from the last close, which brings the market valuation of the company to $696 Altimeter Growth 2 Corp. $10.32 -0.29%. Its stock remains up 6% since it first traded on Dec. 1, … For som… Insider Markets Insider Altimeter Growth stock is rising over 3% in trading Monday. He is a winner! Prior to founding Altimeter, Mr. Gerstner was a founding principal at General Catalyst and led technology and internet investments at … Altimeter Growth Stock Is a Speculative Play on Grab Merger News. Altimeter Growth Corp. … Grab will combine with the fund Altimeter Growth Corp (NASDAQ: AGC ) that raised $450 million last year. AGC Stock and AGCB Stock Climb on Altimeter Merger News Altimeter will also support any share sale under the SPAC deal. The key point is that he doesn't need to do a SPAC. Seeking Target. Altimeter Growth Corp. 2 Announces Pricing of Upsized $400,000,000 Initial Public Offering. Altimeter Growth Corp. does not have significant operations. Brad Gerstner's Altimeter Growth is taking Grab Holdings public via a $40 billion SPAC merger. iShares Core US Aggregate Bond … AGC has an overall market cap of: $736.874.997. Altimeter will finance approximately $1.2 billion out of $2.5 billion. AGC’s sponsor is Altimeter Growth Holdings, and it's led by CEO and chairman Brad Gerstner. Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934. Seeking Target. Grab is going to IPO via Altimeter Growth Corp (a SPAC) Valuation will be US$39.6 billion. Altimeter committed to a three-year lock-up period for its sponsor-promote shares of AGC stock, 10% of which will go to the recently announced GrabForGood Fund … AGC Stock: What to Know Now About the $40 Billion Grab SPAC Merger Grab SPAC? The rideshare giant Grab could raise $2.5 billion in a merger with the SPAC Altimeter Growth 1, according to unnamed sources from The Financial Times. Uber stock climbed 2% … Altimeter's previous SPAC, Altimeter Growth Corp. (AGCUU), went public in September 2020 and last closed up 37% from the $10 offer price. Altimeter Growth Corp. (NASDAQ: AGC) stock surged by 2.47% at the last trading close and continued to rise by 11.18% in the pre-market trading session after it has been made official that Southeast Asia’s Grab is ready to be listed in New York through a merger with Altimeter SPAC. HONG KONG (AP) — 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. Altimeter … That would make it the largest SPAC merger ever, more than […] Ackman’s Pershing Square … The latest volume was: 46.227. Altimeter Growth Corp 2 is a SPAC that's focused on the tech sector.It is headed by VC Brad Gerstner. Altimeter Growth (NASDAQ: AGC) stock is up on Wednesday following reports that the special purpose acquisition company (SPAC) is planning to merge with … 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). If you visit Altimeter.com, you will … Altimeter will finance approximately $1.2 billion out of $2.5 billion. It is quite surprising that AGC is already up for about 30% with relatively low trading volume since its debut in last September. Altimeter Growth Units. The company intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. In today’s recent session, 813,291 shares of the Altimeter Growth Corp.(NASDAQ:AGC) have been traded, and its beta is 0. Gerstner has been running a tech-focused investment firm called Altimeter since 08'. Altimeter Growth - AGC. Altimeter Growth Corp., the blank-check company merging with internet giant Grab Holdings Inc., is hovering just a few cents above its record … About Altimeter Growth Corp. Altimeter Growth Corp operates as a blank check company. There have been rumors that Altimeter Growth SPAC … Altimeter Growth Corp’s shares have gained 25% since listing. Brad Gerstner serves as the Chairman, Chief Executive Officer and President of Altimeter Growth Corp. Mr. Gerstner founded Altimeter in 2008 with a mission to build a leading technology focused investment firm and serves as its Chief Executive Officer. ET. 890 5th Avenue Partners Inc - ENFA Buzzfeed is in discussions to go public via a SPAC merger with 890 5 … Southeast Asia's ride-hailing giant Grab announced Tuesday it is set to go public through a SPAC merger with Altimeter Growth Corp., in a deal that values the company at $39.6 billion — the largest blan... AGC stock is on the move after Altimeter Growth confirmed it would facilitate the Grab SPAC merger. Here's what you should know. The shell company announced a massive deal … The Company aims to acquire one and more businesses and assets, via a merger, capital stock … In its September 2020 IPO, the AGC SPAC offered 45 million shares for $10 each. The stock, currently under the symbol AGC, last traded at $14.01 on Monday, 4.4% higher than Friday. AGC is currently in stage: 2. Grab will combine with the fund Altimeter Growth Corp … A ltimeter Growth Corp., a blank check company formed by Altimeter …
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