Delivery Hero's Middle East platform, Talabat, raises $2 billion in Dubai's largest tech IPO of 2024.

Delivery Hero, a German food delivery company, has listed its Middle East and North Africa platform, Talabat, on the Dubai Financial Market through an IPO, raising about $2 billion. Talabat's IPO marked the largest global tech IPO of 2024 and faced significant investor demand. Despite initial market volatility, Talabat showed strong growth, with a 21% year-on-year increase in gross merchandise value to $5.4 billion in 2024, serving over 6 million monthly active customers.

3 months ago
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