Mergers & Acquisitions

Grab shares rise 18% in U.S. debut after record $40 bln SPAC merger

Shares of Grab rose 18% in their U.S. market debut on Thursday, after Southeast Asia's biggest ride-hailing and delivery firm inked a record $40 billion merger with a blank-check company. (Reporting by Noor Zainab Hussain in Bengaluru; Editing by Shounak Dasgupta)

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