Reported 3 days ago
Delivery Hero SE is planning to raise up to $1.5 billion from its Middle Eastern subsidiary Talabat's initial public offering in Dubai, selling a 15% stake at 1.50 to 1.60 dirhams per share. This IPO, set to begin trading on December 10, 2024, could position Talabat’s valuation at $10 billion. Despite recent mixed results from other regional IPOs, analysts view Talabat as the 'crown jewel' of Delivery Hero's portfolio due to its growth potential and strong market position across eight Middle Eastern countries.
Source: YAHOO