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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.
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La plataforma de Delivery Hero en Oriente Medio, Talabat, recauda $2 mil millones en la mayor OPI tecnológica de Dubai de 2024.