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Expected merger is rumored to go through on November 1 of this year. CEO confirmed this summer it would happen in Q4.
Seems like a good opportunity with a guaranteed bottom at $10.
Grab ($AGC)
-Short radio: 40% short
-Free float: 49M
-Southeast Asian online food delivery, Ride-hailing, financial services company and recently e-commerce marketplace (DoorDash Uber Square Affirm Amazon marketplace)
-1.9B transactions in 2020, 25M monthly users
-High institutional ownership in the 80 percent range
-Notable investors: Softbank, Toyota, Uber, Blackrock
-3 year lock up period for sponsored shares
-Beat Uber out of SE Asia
-Highest profit margin of any company in the world
-Near Oligopoly
-South east asias hyper app similar to China’s WeChat
Not a financial advisor. Position 100 shares at $11
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- 3 years ago
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