Delivery Hero to list 15% of its Middle East subsidiary, Talabat, on Dubai's stock exchange in mid-December.

Delivery Hero, a German food delivery company, plans to list 15% of its Middle Eastern subsidiary, Talabat, on the Dubai Stock Exchange in mid-December. This could be one of the UAE's largest Initial Public Offerings (IPOs) this year, potentially raising around $1 billion. Delivery Hero will retain a majority stake in Talabat, which serves over six million customers across the Middle East. Proceeds from the IPO will be used for general corporate purposes and to optimize the company's capital structure.

November 10, 2024
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