Chinese ride-hailing giant DiDi Global (NYSE:DIDI) is well-known among financial traders in 2021, but that company has regulatory problems. For a similar investment with fewer issues to worry about, you might consider Altimeter Growth (NASDAQ:AGC) as AGC stock could be a hidden gem on Wall Street.
Actually, Altimeter Growth is nothing but a shell company. The main focus today will be on Singapore ride-hailing service Grab, which Altimeter will help to go public through a special purpose acquisition company (SPAC) merger.
That transaction hasn’t been finalized yet. So, don’t go looking for the “GRAB” ticker symbol yet, as it’s still AGC stock for the time being.
And don’t misunderstand – I’m not against investing in DiDi or any other Chinese company. However, Grab is a lesser-known business with excellent potential, and it really deserves more attention.