Grab Considering $2 B IPO on Wall Street

Grab, a ride-hailing and food delivery company in Southeast Asia, is mulling the listing of its shares on the New York Stock Exchange (NYSE) later this year, Reuters first reported.

It is estimated that with an improved appetite for initial public offering (IPOs) that the Grab IPO could raise more than $2 billion.

Details on the process, such as the IPO size and the exact timing of the offering, are yet to be announced.