Grab, which was valued at $14 billion in March this year, faces a $2 billion payout to Uber if it doesn't go public by March 2023. Uber, a rival ride-hailing app, holds a 27.5% stake in Grab.
Southeast Asian ride-hailing company Grab could go public once its entire business is profitable, its CEO Anthony Tan says.
On the company's overall profitability, Tan said that Grab's operations in some markets are already making money this year.Paul Miller | Bloomberg | Getty Imagesride-hailing company Grab could go public when its entire business is profitable, its CEO said on Thursday, adding that more markets could move out of the red in the next 12 months.
"Once we're profitable, then we can clearly go to public when we want to," Grab's co-founder and chief executive officer, Anthony Tan, told CNBC's Deirdre Bosa. On the company's overall profitability, Tan said that Grab's operations in some markets are already making money this year. "We continue to see more markets getting … more profitable in many other cities, across the next 12 months," he added. TheGrab was
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