Reported about 17 hours ago
Delivery Hero SE has set the final price for Talabat's initial public offering at AED 1.60 ($0.44) per share, marking it as the largest IPO in the UAE this year. The listing is expected to raise nearly AED 7.5 billion ($2 billion), valuing Talabat at approximately $10.2 billion. The shares are set to start trading in Dubai on December 10, with the company having increased its offering from 15% to 20%. Talabat operates in eight countries across the Middle East.
Source: YAHOO