Delivery Hero expands Talabat's IPO to $2 billion, marking the UAE's largest listing this year.

Delivery Hero, a German food delivery company, has expanded Talabat's IPO to $2 billion, making it the UAE's largest listing this year. Talabat, which operates in eight countries, will sell 20% of its stake. The company, valued at $10.2 billion, has seen its valuation drop from an earlier forecast of $14.4 billion. Despite this, the listing signals a strong interest in Middle Eastern tech companies and is part of a trend of increased listings in the region.

November 27, 2024
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