Talabat to raise $2bn from IPO

Talabat IPO On Track To Be Year’s Largest Tech Listing
Delivery Hero SE priced its Middle Eastern unit’s initial public offering at the top of its range, putting the deal on pace to be the largest tech sector IPO of the year.
Talabat raises $2 billion in largest global tech IPO in 2024
The offering raised gross proceeds of about AED 7.5 billion (approximately $2 billion), making it the largest global technology IPO in 2024 to date, the largest IPO in the GCC this year, and the first technology sector IPO on DFM.
Delivery Hero's Talabat sets Dubai IPO price at top end, to raise $2 bln
Talabat, one of the largest food ordering businesses in the Middle East, is set to raise about $2 billion from the largest initial public offering in the United Arab Emirates, after its parent Delivery Hero on Friday priced the offering at the top end of an earlier indicated range.
Talabat wins $2bn IPO, biggest UAE listing of the year
Talabat, the Middle Eastern food delivery service owned by Delivery Hero, priced its IPO on Friday at Dh1.6 a share, the top of the opening range, to raise $2.03bn-equivalent, making it the largest flotation in the United Arab Emirates this year and the second largest in the Persian Gulf Region. The IPO values Talabat at $10.1bn-equivalent.
This Year’s Biggest Tech IPO Will Be In Dubai
In a sparse year for listings, the $10.2 billion float of Talabat, a food delivery company, on Dubai’s exchange is set to become this year's biggest tech initial public offering.
Talabat’s Dubai IPO upsized to $2bln due to investor demand
Food delivery company, which is expected to list on DFM next month, increased its offering from 15% to 20% of share following significant regional and international demand
Talabat set to be UAE's largest IPO this year after offer increased
Talabat, one of the largest food ordering businesses in the Middle East, is set to be the largest initial public offering (IPO) in the United Arab Emirates (UAE) this year after parent firm Delivery Hero on Wednesday announced it had increased the offering.
Talabat increases IPO offering amid strong investor demand
The IPO's total offering size has been increased to 4,657,648,125 shares, up from the previously announced 3,493,236,093 shares
Delivery Hero's Talabat Sets Dubai IPO Offer Price At Top End
Talabat is to raise about $2 billion from its IPO this year, after Delivery Hero priced the offering at the top end of the indicated range.
Talabat raises $2bn in Dubai IPO as Gulf flotations shine
Middle East-based food delivery company Talabat has raised $2bn in the Gulf’s biggest initial public offering this year, as the region bucks a global downturn in flotations. Talabat, which is German group Delivery Hero’s food delivery and quick commerce business in the Middle East and north Africa,
Talabat to raise $2bn from IPO as price is finalised
Following the IPO, Talabat plans to pay a minimum dividend of AED367.25 million in April 2025. The company is targeting a minimum dividend of AED 1.5 billion in 2025, split into t
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Delivery Hero sets final price in Talabat's Dubai IPO at $0.44 per share
Delivery Hero has set the price for the IPO of its Middle Eastern unit, Talabat, at 1.60 UAE dirhams ($0.44) per share. It ...
Delivery Hero CEO Says Talabat IPO Leaves Parent Company ‘Undervalued’
For Delivery Hero SE, the public listing of its Middle Eastern unit brings a much needed cash windfall — and a vexing problem ...