Delivery Hero plans to IPO Talabat in Dubai in Q4 2024, raising capital and increasing visibility.

Delivery Hero plans to list its Emirati subsidiary Talabat on the Dubai stock exchange through an IPO in Q4 of 2024, with the parent company set to sell existing shares while retaining majority stake. This move aims to provide additional capital and increase Talabat's visibility in the market. Delivery Hero's sales in the Middle East and North Africa region saw a 31% increase in the second quarter, outpacing growth in other regions.

August 29, 2024
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