Commentary: Are stars aligning for Grab’s listing? What will happen the morning after?

Published:Dec 5, 202317:51
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MANAGING PLATFORM GIG WORKERS

Then there’s many key stakeholders to handle. Platform gig staff are central to protecting Grab’s two major operations of ride-hailing and meals supply working. They are extremely seen – and if not managed properly, will stop to be ambassadors of the firm.To the extent that Grab considers them dispensable – with its administration consideration more and more on fintech – it might unintentionally sow seeds of discontent for different merchandise similar to monetary companies for the underbanked. Grab’s latest initiatives, similar to the GrabforGood Fund, goal to enhance the high quality of life for its drivers and the broader neighborhood, and the intent is mostly in the proper route. The success of such assist programmes is important in protecting its key stakeholders joyful and engaged. Yet, there may be monetary price related to these programmes, and imitation by rivals can cut back their effectiveness.Despite these essential challenges that Grab will face as a public firm, there's a vital alternative to offer a set of digitally enabled companies now commonplace in China and the US, for Southeast Asia. The query is whether or not Grab can obtain this feat regardless of its scale, valuation and visibility.If Grab manages to fireplace accurately on all its cylinders, it may proceed to be an investor darling. But for now, as a lot as one adores the aligned stars coming into focus for Grab, it's nonetheless prudent to scrutinise the SPAC merger and afterlife beneath a wholesome dose of daylight.Dr Hanny Kusnadi is deputy tutorial director of the MSc (Accounting) programme and a Senior Lecturer in the Department of Accounting at NUS Business School. Dr Sam Garg is the Liwei Huang Associate Professor of Business (Strategy and Entrepreneurship) in the Department of Management at HKUST Business School in Hong Kong. These are private views of the authors.


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