Southeast Asia’s Grab sees sales jump, expects to list in Q4

Grab, Southeast Asia’s biggest ride-hailing company, saw adjusted net sales for the first quarter jump 39% to $507 million as it narrowed its losses, months ahead of a planned public listing in the U.S. The Singapore-based company, which has expanded to provide everything from ride-hailing to food delivery services, also said in its first quarterly earnings report that it expects to go public in the fourth quarter

source https://www.seattletimes.com/business/southeast-asias-grab-sees-sales-jump-expects-to-list-in-q4/?utm_source=RSS&utm_medium=Referral&utm_campaign=RSS_technology