GRAB Stock Forecast 2022, 2023, 2024, 2025, 2030

Altimeter Growth Corp Stock Price dropped more than a fifth of its worth on its first day of trading in New York, a setback for the Southeast Asian ride-hailing and delivery business following its record-breaking merger with a special-purpose acquisition firm.

Altimeter Growth Corp Stock Price dropped 21% to $8.75, having a market worth of $34.6 billion. In April, the Singapore-based business agreed to merge with the SPAC Altimeter Growth Corp in a deal worth almost $40 billion, establishing a new high for financial transactions blank-check corporations, which raise money with the goal of finding a company to merge with and go public with.

What Does Altimeter Growth Corp Do?

Altimeter Growth Corp is a firm that works on the basis of a blank check. Through a merger, stock purchase, capital stock exchange, asset acquisition, and reorganization, the Altimeter Growth Corp hopes to buy one or more firms and assets.

GRAB Stock Price Today

Currently, GRAB Stock Price is 11.010 USD, +0,24 (%2,74) today.

• 14 Days Historical GRAB Stock Price Data

• Previous Market Cap: 828.13 M
• Altimeter Growth Corp Share Volume (Previous Close): 503,993
• Altimeter Growth Corp Stock Price in USD (Last): 11.010
• 90-Day Moving Average of Altimeter Growth Corp Stock Price: 11.655
• 52 Week High Altimeter Growth Corp Stock Price: 18.1086
• 52 Week Low Altimeter Growth Corp Stock Price: 10.04
• Altimeter Growth Corp Shares’ 50 Day Moving Average: 11.8844
• 200 Day Moving Average of Altimeter Growth Corp Shares: 11.8292
• Altimeter Growth Corp Shares Short: 19677469
• Altimeter Growth Corp Shares Short Prior Month: 19404947
• Short Ratio: 2.68
• Short Percent: 0.3955

• GRAB Stock Forecast for the next days

Is Altimeter Growth Corp a SPAC?

Altimeter Growth Corp Stock Price began at $13.06 on Thursday, up 19% from Wednesday’s closing Altimeter Growth Corp Stock Price. On the Nasdaq Stock Market, Altimeter Growth Corp trades under the symbol GRAB Stock. SoftBank Group Corp.’s Vision Fund, Chinese ride-hailing company Didi Global Inc., and Toyota Motor Corp. are among its supporters.

GRAB Stock Price News

• Hong Kong (China) Altimeter Growth Corp, the Southeast Asian unicorn, had a rocky start on Wall Street.
• The Singaporean Altimeter Growth Corp Stock Pricedropped roughly 21% after it began trading on the Nasdaq in New York on Thursday.

Altimeter Growth Corp merged with a special-purpose acquisition company, or SPAC, to go public. As per data provider Dealogic, the sale — in which GRAB Stock raised $4.5 billion and was valued at roughly $40 billion — was the largest of this kind ever. Altimeter Growth Corp is also the biggest Southeast Asian corporation to enter the US market. As per Refinitiv statistics, the previous record was owned by an Indonesian satellite business, which generated about $1.2 billion in 1994.

GRAB Stock joined with Altimeter Growth Corp (AGC), a SPAC founded by Altimeter Capital, a US investment company, as part of the agreement. Altimeter Growth Corp Shares, now trading under the stock name “GRAB,” began over 20% higher on Thursday than the closing Altimeter Growth Corp Stock Price the day before.

GRAB Stock took an unusual route to market, but one that has gained traction in the last year. Combining with SPACs was once looked upon on Wall Street, but a number of large companies, like Playboy, DraftKings, and electric vehicle companies Lucid Motors and Arrival, have lately chosen to do so.

• In 2018, Altimeter Growth Corppurchased Uber’s Southeast Asia company and since then has grown into a range of other operations, such as food delivery, online payment, and even financial services.

Altimeter Growth Corp has positioned itself as a “super app” in recent times, allowing users to do anything from schedule rides to obtain insurance and loans. Every month, almost 25 million consumers in 465 cities across eight countries use the application to complete a transaction.

• GRAB had stated that it picked the United States over Southeast Asia to go public because it wanted to reach a bigger investor base.

GRAB Stock Forecast

• The current Altimeter Growth Corp Stock Price is 11.010 USD.
• According to yearly GRAB Stock Forecast data, current Altimeter Growth Corp Stock Price can increase from 11.010 USD to 14.631 USD in one year.
• Also, as per the same GRAB Stock Forecast data, the long-term profit potential for Altimeter Growth Corp Shares is +32.89% in one year.
• Based on the GRAB Stock Forecast 2022, 2023, 2024, 2025, 2030 price charts, future price of Altimeter Growth Corp Shares will be 20.990 USD in 2026.
• 52 Week High GRAB Stock Forecast Price: 14.701
• 52 Week Low GRAB Stock Forecast Price: 12.942
• GRAB Stock Forecast Price’s 45-Day Moving Average: 11.033
• 90-Day Moving Average of GRAB Stock Forecast Price: 11.373

Below you can find the GRAB Stock Forecast prices for the upcoming years.