Grab Holdings Stock Price Today: GRAB Shares Rise on Buyback Move, Taiwan Deal in Focus
Grab Holdings shares rose 1.2% to $3.78 after announcing up to $400 million in share buybacks through JPMorgan and Morgan Stanley, funded from $7.4 billion in cash reserves. The move follows Grab’s $600 million agreement to acquire Delivery Hero’s foodpanda Taiwan business, its first expansion outside Southeast Asia. The Taiwan deal is expected to add at least $60 million in adjusted EBITDA by 2028. Regulatory approval is still pending.