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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.
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Delivery Hero fija el precio de Talabat IPO en AED 1,60 por acción, recaudando casi $2 mil millones.