According to sources, the Southeast Asian version of “Didi” and the “Are You Hungry?” collective Grab plans to go public in the US within the year.

According to sources, the IPO's fundraising scale may reach 2 billion US dollars, making it the largest overseas IPO in Southeast Asian history. However, details such as the scale and timing of the release are yet to be determined and depend on market conditions.

In response, Singapore-based Grab declined to comment on a potential IPO.

Grab's investors include SoftBank Group andMitsubishi UFJ FinanceGroup. Grab was founded in Malaysia in 2012. It started as an online ride-hailing company and rapidly expanded to become the most valuable startup in the Southeast region, with a valuation of over 16 billion US dollars.

According to reports, Grab also provides financial services and recently obtained a digital banking license in Singapore. The company said this month that revenue has recovered and is well above pre-pandemic levels. The company also claims that its ride-hailing business has achieved balance of payments in all operating markets, including Indonesia, the largest market. The company also expects its takeout business to achieve break-even by the end of this year.

Furthermore, according to media reports, Grab's competitor Gojek and Indonesia's leading e-commerce company Tokopedia are in in-depth negotiations on a merger, with a transaction value of 18 billion US dollars. Following the merger, the company may go public in Jakarta and the US.