Reported 14 days ago
Delivery Hero SE is set to launch a significant IPO for its Talabat unit in Dubai, potentially one of the largest in the region this year. The German food delivery company plans to sell a 15% stake while retaining a majority interest, with projections estimating the offering could generate about $1 billion and value Talabat at around $12 billion. Shares will be available for order from November 19 to 27, with trading expected to begin around December 10. Talabat has seen substantial growth, raising concerns about competition but also highlighting its strong market presence across several Middle Eastern countries.
Source: YAHOO