Home Global The 1st Ever NASDAQ Opening Bell Ceremony in SEA, Thanks to Grab

The 1st Ever NASDAQ Opening Bell Ceremony in SEA, Thanks to Grab

The Nasdaq listing marks a high point for the company that began as a ride-hailing app and now operates across 465 cities in eight countries.

by K. Vatsala Devi
Grab Gets Nasdaq Listing

As Christmas draws nearer, there is always a festive air and plenty of songs and in other parts of the world including the United States of America, the sounds of bells ringing increase in frequency. On 2nd December 2021 though there was a different bell ringing and it signaled Grab – a leading superapp in Southeast Asia making its foray on Nasdaq. And the bell ringing is kind of a huge deal.

NASDAQ Bell Ringing Ceremony

 For the uninitiated, you might be wondering what’s the fuss on the bell ringing ceremony. On Nasdaq’s website, it states the iconic bell ringing ceremony at Nasdaq MarketSite represents an enormous opportunity to showcase your company and celebrate its achievements and milestones before a global audience. Hosted by a Nasdaq senior executive, the opening and closing bell ceremonies provide a platform for companies to generate meaningful brand exposure.

Nelson Griggs, President of Nasdaq Stock Exchange exulted, “It doesn’t matter if it’s a very seasoned CEO or a guest of the company – it’s that ‘wow’ moment of seeing themselves on the seven-story tower. It’s an emotional moment when they’re here.”

Grab lists on Nasdaq
GRAB officially lists on NASDAQ

Holding much meaning, the bell ringing ceremony which was held during the evening witnessed Grab co-founders Anthony Tan and Tan Hooi Ling celebrating its milestone public listing with Grab employees, driver-, delivery- and merchant-partners in Nasdaq’s first-ever opening bell ceremony to be hosted in the region. The Grab representatives were on the frontlines transporting people, preparing as well as delivering food and essential goods, especially during critical stay-home pandemic periods.

These Grab partners have tapped on the Grab platform to better leverage digital services to earn livelihoods and grow their businesses. Grab employees, including many who have been with the company for over six years (aka Grabversaurus) also attended the event. The ‘Grabversauruses’ joined the company when it was only offering ride-hailing services and operating in less than 30 cities, and have contributed to the company’s growth into a superapp that is now available in 465 cities.

 In recognition of the collective effort and continued partnership of the Grab community to reach this milestone, about 1,500 Grab employees, as well as representatives from Grab’s partner communities, from across Southeast Asia will be featured on the Nasdaq Tower in Times Square, New York City, after Grab is officially listed on Nasdaq.

GRAB Has Helped the Livelihood of Many During the Pandemic

Zalilah bt Ismail, Owner of Ilahzy Enterprise,is a vegetable merchant on GrabMart

Amongst the many congratulatory notes, the one by Zalilah bt Ismail, Owner of Ilahzy Enterprise, who is a vegetable merchant on GrabMart stands out for all that it represents. She said “GrabMart is the first time I’ve ever included my business on an online sales platform or delivery service as a traditional wet market hawker. Being on Grab has given me the opportunity to expand my consumer base and reach more folks who might not be familiar with my stall, especially during the pandemic, and I am thankful for that.

She like many others is happy to be a part of the Grab family and this milestone as it goes public. She hoped that more traditional businesses will be open to technology through homegrown companies such as Grab, to help them perform better.

Group CEO and Co-founder of Grab, Anthony Tan, said, “It’s important to us not to lose sight of what this was all built on. The heart and hard work of our Grabbers to serve our partners, and in turn, the dedication of our partners towards serving their customers. That’s why we chose to hold the ceremony close to home. To be here, amongst our community, sharing the moment with them as we cross the threshold into a new chapter of our journey.”

According to a local daily, Grab, Southeast Asia’s biggest ride-hailing and delivery firm, made its market debut on Thursday after a record US$40 billion (about RM169.12 billion) merger with a special purpose acquisition company (SPAC) in a listing that will set the tone for other regional offerings.

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