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.


EU Chip Industry Faces Growing Risks From China Export Controls and U.S. Technology Dependence: Report
Kioxia Bets on AI Memory Boom With Next-Gen NAND Production in Japan
DOJ Seeks Dismissal of Fraud Charges Against Gautam Adani in U.S. Court
Anthropic Tightens AI Access Controls After Reports of China-Based Workarounds
SK Holdings, KKR Launch $1.3B Renewable Energy Venture in South Korea
Trump Administration to Launch Voluntary AI Standards for Frontier Models
Suncorp Cuts 2026 Premium Growth Forecast as Australia, New Zealand Markets Weaken
OpenAI Proposes 5% U.S. Government Stake Amid AI Policy Talks
Samsung to Invest $90 Billion in South Korea to Expand AI Chip, Display, and Battery Production
Norway Offshore Oil Workers Reach Wage Deal, Averting Strike
Northern Star Appoints New CEO as Activist Elliott Pushes for Leadership Overhaul
BHP Workers Approve New Labour Agreement at WA Iron Ore Operations
Super Micro Employees Detained in Taiwan AI Server Export Investigation
TetherMax Rebranding Highlights Official Exchange Partnerships as Foundation of Trust
Lockheed Martin Emerges as Frontrunner to Acquire Ultra Maritime in $3.5 Billion Defense Deal
Meta CEO Zuckerberg Says AI Agent Development Has Slowed Despite Massive AI Investment 



