Jim Cramer - Mad Money
Altimeter Growth Corp.
AGC-Q
BUY ON WEAKNESS
Apr 19, 2021
Yes, SPACs have been murdered lately and are out of fashion, but he's excited by AGC merging with Grab for $40-billion. Grab is the leader super app platform in southeast Asia. Grab is not a typical EV start-up but a real company, a combination of Doordash, Lyft and PayPal with a big presence in Indonesia, Singapore, Malaysia, Thailand, the Phillippines and Vietnam, one of the fastest-growing regions in the world. Pounce on this when it dips. $11.50 or $10 is attractive, and he wouldn't be surprised if it fell into single digits. It's a rapidly growing company with real services. The lock-up period is a long three years.
Yes, SPACs have been murdered lately and are out of fashion, but he's excited by AGC merging with Grab for $40-billion. Grab is the leader super app platform in southeast Asia. Grab is not a typical EV start-up but a real company, a combination of Doordash, Lyft and PayPal with a big presence in Indonesia, Singapore, Malaysia, Thailand, the Phillippines and Vietnam, one of the fastest-growing regions in the world. Pounce on this when it dips. $11.50 or $10 is attractive, and he wouldn't be surprised if it fell into single digits. It's a rapidly growing company with real services. The lock-up period is a long three years.