Grab Holdings

GRAB

Grab Holdings Inc. is a Singaporean multinational technology company headquartered in One-North, Singapore. It is the developer of a super-app for ride-hailing, food delivery and digital payments services on mobile devices that operates in Singapore, Malaysia, Cambodia, Indonesia, Myanmar, the Philippines, Thailand and Vietnam. The company was founded as MyTeksi by Anthony Tan and Tan Hooi Ling in 2012 to make taxi rides safer in Malaysia. By 2016, it was rebranded as Grab with an expansion of partnerships in Southeast Asia that coincided with the development of products for couriers. Grab is Southeast Asia's first decacorn, and the biggest technology startup in the region. It became publicly-traded on NASDAQ in 2021 following the largest SPAC merger at the time. In 2023, Fast Company listed Grab amongst the most innovative companies in the Asia-Pacific region.

Grab Holdings has been a target of short sellers for a while. The current short interest of 4.74% is roughly at the average of the last 12 months (5.75%).