Stock Market Today, Sept. 10: Grab Holdings Slips on Atome Fintech Acquisition Reports

Grab Holdings is reportedly in talks to acquire a majority stake in Atome Financial, a buy-now-pay-later platform. The deal could value Atome at over $2 billion, according to Bloomberg sources. No final decisions have been made, and all parties declined to comment.

Grab Holdings Ltd. is in talks to buy a majority stake in Singapore's Atome Financial, potentially valuing it at over $2 billion. Grab's shares have fallen 39% this year, but it has been active in acquisitions and recently upgraded its earnings outlook. Atome reported an 80% revenue increase to $470 million last year, achieving pre-tax profitability for the second consecutive year.

Grab is reportedly in discussions to acquire Atome, a fintech firm backed by SoftBank, according to Bloomberg News. The potential deal could expand Grab's financial services offerings. No financial terms have been disclosed.

Grab Holdings shares fell 0.4% to about $3.61, with roughly 28.3 million shares traded. The company authorized a $750 million buyback, about 5.3% of its $14.25 billion market cap. Q2 revenue rose 22% to $997 million, and adjusted EBITDA rose 54% to $168 million. 2026 guidance was raised to $4.10-$4.15 billion revenue and $720-$740 million adjusted EBITDA.

Grab Holdings (NASDAQ:GRAB) reported Friday trading volume of 102.1M shares, over 2x its 3-month average. The company authorized a $750M buyback, about 4.9% of its $15.2B market cap at Friday’s close of $3.72. Q2 revenue rose 22% to $997M, adjusted EBITDA up 54%, but adjusted FCF fell 35%. Full-year targets were raised.

Grab Holdings (NASDAQ:GRAB) raised its full-year revenue guidance to $4.10B-$4.15B and EBITDA to $720M-$740M, citing AI-driven efficiency and an affordability push despite higher Southeast Asia fuel costs. Q2 revenue rose 22% to $997M and net income increased to $252M. Grab also authorized a $750M buyback. Sea (NYSE:SE) has not yet reported results.