Grab Holdings Limited Class A Ordinary Shares (GRAB)
Grab Holdings Limited is a Singapore-based technology company that offers a range of services including ride-hailing, food delivery, digital payments, and financial services across Southeast Asia. Founded in 2012, Grab has expanded to become a leading super app in the region, integrating transportation, delivery, and financial solutions to enhance everyday life for millions of users.
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Hesai Group, a global leader in lidar solutions, announced a global offering of 17 million Class B ordinary shares, with a dual primary listing on the Hong Kong Stock Exchange and continued listing on Nasdaq. The offering includes cornerstone investments of approximately $148 million from several investors.
Hesai Group plans to launch a global offering of 17 million Class B ordinary shares, with a dual primary listing on the Hong Kong Stock Exchange and continued listing on Nasdaq, targeting to raise funds for R&D, manufacturing, and business expansion.
Lyft is expanding into Europe by acquiring the FreeNow mobility platform, which could double its annual ride volume. This move allows Lyft to gain immediate access to a functioning network and loyal user base in Europe, where Uber has a smaller market share compared to the US.
The average brokerage recommendation (ABR) for Grab (GRAB) is equivalent to a Buy. The overly optimistic recommendations of Wall Street analysts make the effectiveness of this highly sought-after metric questionable. So, is it worth buying the stock?