New York, Jan 22, 2026, 13:29 (EST) — Regular session
Shares of Grab Holdings Limited (GRAB) climbed 2.5%, hitting $4.51 by 1:29 p.m. EST Thursday. The move came after reports out of Indonesia said a Grab-affiliated vehicle increased its stake in digital lender PT Super Bank Indonesia.
This move is significant as Grab’s backers watch closely how the company pushes into financial services alongside its main mobility and delivery businesses. New funding rounds in that area catch notice, even beyond the U.S. market. 1
A recent update on the Indonesia Stock Exchange revealed that Grab, via A5-DB Holdings Pte Ltd, acquired 103.41 million shares of Super Bank Indonesia (SUPA), boosting its ownership to 10.95%, according to IDNFinancials. The deal was handled by PT Mandiri Sekuritas, the report added. 2
One day earlier, the Indonesia Stock Exchange reported that A5-DB Holdings acquired 209 million shares of SUPA, boosting its ownership to 10.64%, IDNFinancials said. 3
Superbank went public in December, supported by Grab and a mix of regional tech and telecom players like Singtel and KakaoBank, as well as Indonesian conglomerate Elang Mahkota Teknologi, The Business Times reported. At the time, GXS Bank chief executive Lai Pei-Si called the IPO “a key step towards becoming South-east Asia’s digital bank.” 4
The overall market showed strength, as the S&P 500 tracker SPY climbed 0.7% and the Nasdaq 100 tracker QQQ gained 0.8%. On the other hand, U.S.-listed rivals lagged: Uber dropped 3.1%, Lyft was down 3.0%, but delivery service DoorDash managed to edge up 1.5%.
Indonesia could tip the scales. A draft presidential decree aims to slash the commission cap—the cut platforms take from each ride—from 20% down to 10%. It also proposes that companies fully insure drivers against accidents and deaths, Reuters reported. “Motorcycle taxi drivers have become an increasingly visible political force,” said Siwage Dharma Negara, a senior fellow at Singapore’s ISEAS-Yusof Ishak Institute. 5
Next on the calendar: earnings. Grab is set to release its Q4 and full-year 2025 results after U.S. markets close on Feb. 11. The company will follow up with a conference call at 7 p.m. Eastern. Investors will be watching closely for clues on demand trends and how management plans to juggle growth with spending across mobility, deliveries, and financial services. 6
