Delivery Hero sets Talabat IPO price at AED 1.60 per share, raising nearly $2 billion.

Delivery Hero has set the price for Talabat's IPO at AED 1.60 ($0.44) per share, raising nearly AED 7.5 billion ($2 billion), making it the largest tech IPO in the Middle East this year. The offering includes 20% of Talabat's shares and will start trading in Dubai on December 10. The IPO values Talabat at around $10.2 billion, slightly below Delivery Hero's $11.5 billion market cap.

November 29, 2024
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