Talabat raises $2bn in Dubai IPO

Talabat raises $2bn in Dubai IPO as Gulf flotations shine
Middle East-based food delivery company Talabat has raised $2bn in the Gulf’s biggest initial public offering this year, as the region bucks a global downturn in flotations. Talabat, which is German group Delivery Hero’s food delivery and quick commerce business in the Middle East and north Africa,
Delivery Hero sets final price in Talabat's Dubai IPO at $0.44 per share
Delivery Hero has set the price for the IPO of its Middle Eastern unit, Talabat, at 1.60 UAE dirhams ($0.44) per share. It will raise AED 7.5 billion ($2 billion) in gross proceeds from its IPO on the Dubai financial Market (DFM).
Delivery Hero's Talabat sets Dubai IPO price at top end, to raise $2 bln
Talabat, one of the largest food ordering businesses in the Middle East, is set to raise about $2 billion from the largest initial public offering in the United Arab Emirates, after its parent Delivery Hero on Friday priced the offering at the top end of an earlier indicated range.
Talabat Holding IPO oversubscribed; raises $2bn, listing expected on December 10
Talabat Holding, the leading on-demand food, grocery, and retail platform, has seen a double-digit oversubscription to its initial public offering (IPO) through which it
Talabat’s Dubai IPO upsized to $2bln due to investor demand
Food delivery company, which is expected to list on DFM next month, increased its offering from 15% to 20% of share following significant regional and international demand
Delivery Hero’s Talabat Prices IPO at Top End of Range; Values Firm at $10.1 Billion
Delivery Hero’s Talabat priced its Dubai initial public offering at the top end of the previously announced range, implying a market value of around $10 billion.
Delivery Hero's Talabat Sets Dubai IPO Offer Price At Top End
Talabat is to raise about $2 billion from its IPO this year, after Delivery Hero priced the offering at the top end of the indicated range.
Talabat to raise $2bn from IPO as price is finalised
Following the IPO, Talabat plans to pay a minimum dividend of AED367.25 million in April 2025. The company is targeting a minimum dividend of AED 1.5 billion in 2025, split into t
Talabat raises $2bn from biggest Gulf IPO this year
Talabat Holding, the Middle Eastern unit of Germany's food delivery platform Delivery Hero, has raised Dh7.5 billion ($2.04 billion) through its initial public offering, setting the price at the top of the range for the biggest public float in the Gulf this year.
This Year’s Biggest Tech IPO Will Be In Dubai
In a sparse year for listings, the $10.2 billion float of Talabat, a food delivery company, on Dubai’s exchange is set to ...
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UAE: Talabat increases IPO size to 20% due to strong investor demand
Based on the unchanged price range for the sale of its shares of Dh1.50 to Dh1.60, the revised IPO size is expected to rake ...
GDC and Linklaters Advise on Talabat’s $2BN IPO in World’s Largest Tech IPO of 2024
Gibson Dunn is advising Talabat on U.S. and English law, while the United Arab Emirates’ Ibrahim .N. Partners are advising on ...
Talabat set to be UAE's largest IPO this year after offer increased
Talabat, one of the largest food ordering businesses in the Middle East, is set to be the largest initial public offering (IPO) in the United Arab Emirates (UAE) this year after parent firm Delivery ...
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UAE: Talabat Raises Dh7.5 Billion In Largest Global Tech IPO So Far This Year
Talabat has announced the successful completion of the bookbuild and public subscription process for its initial <a ...