As global mobility companies, such as Singapore's Grab and Israeli Motor are pushing for listing on the Nasdaq, SK's shares of those companies are expected to rise in value.
According to related industries on the 14th, Grab, called 'Uber of Southeast Asia' among mobility companies invested by SK will be listed on the NASDAQ through a special purpose acquisition company (SPAC) within this year. Grab was valued at $ 39.6 billion, the largest ever among SPAC listed companies.
SK Group invested about 250 billion won in 2018. Once the Grab listing is completed, the value of SK's stake is expected to increase by about 2.4 times to 590 billion won.
Grab, which started as a vehicle call service company in Malaysia in 2012, has grown into a comprehensive economic platform encompassing food delivery services, finance, payment and shopping in more than 200 cities in eight Southeast Asian countries, including the Philippines, Thailand, Vietnam and Indonesia.
Autonomo, an Israeli automotive big data company that invested more than 12 billion won in 2018, is also seeking to be listed on NASDAQ in the second quarter of this year.
Turo, a U.S. car-sharing startup that The The Co., Ltd. invested 40 billion won in 2017, is expected to be listed within this year. Turo, dubbed Airbnb in the mobility industry, operates a platform that connects car rentals between individuals in 56 countries, including the United States, the United Kingdom, Germany and Canada.
Reporter Lee Ji-sun stockmk2020@gmail.com
