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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.
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Delivery Hero amplía la OPI de Talabat a $2 mil millones, marcando la lista más grande de los Emiratos Árabes Unidos este año.