Sometimes, the investment journey to creating a US$40 billion (S$53 billion) valuation company can begin with a missed opportunity to fund a US$100 billion firm when you could have got in at just 1/2,000th of that price.
In a sense, that is the background to Vertex Holdings' early investment in ride-hailing and delivery company Grab, South-east Asia's star Internet firm that got a nearly US$40 billion valuation when it merged in April with the special purpose acquisition vehicle Altimeter Growth Corp, with plans for a subsequent listing.
Already a subscriber? Log in
Dive deeper at $0.99/month
Want more exclusives, sharp insights into what's happening at home and abroad? Subscribe to stay informed.
ST One Digital Package - Monthly
$9.90 $0.99/month
No contract
$0.99/month for the first 3 months, $9.90/month thereafter. T&Cs apply.
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
2-week e-paper archive so you never miss out on any topic that matters to you