Grab Holdings Limited Stock Jumps Before Earnings as Buyback and Taiwan Deal Face a Hard Test
Grab Holdings shares climbed 4.7% to $4.21 on Nasdaq Friday, with 72.8 million shares traded. The company will report first-quarter results after U.S. markets close May 4. Grab agreed in March to buy Foodpanda Taiwan for $600 million, its first planned expansion outside Southeast Asia. The firm is also executing a $400 million share buyback program.