Shares in Japanese conglomerate SoftBank Group Corp dropped over 3% on Friday after the giant tech investor was hit with three disappointments within 24 hours, including a poor Nasdaq debut for ride-hailing firm Grab .
Grab will begin trading today on the Nasdaq under the ticker symbol "GRAB."And it raised a pile of money in the process. Billions, in fact.
Grab is set to debut on the Nasdaq after raising $4.5 billion in a SPAC deal that values the Singapore-based delivery app service at nearly $40 billion.