Reported about 14 hours ago
Delivery Hero SE has raised the size of its Middle Eastern unit Talabat's initial public offering to $2 billion, making it the largest listing in the UAE this year. Now selling a 20% stake instead of 15%, Talabat's IPO is priced at 1.60 dirhams ($0.44) per share, resulting in a market capitalization of approximately $10.2 billion. Despite mixed results from previous regional IPOs, demand for Talabat shares has been strong since subscriptions opened.
Source: YAHOO