In a sparse year for listings, the $10.2 billion float of Talabat, a food delivery company, on Dubai’s exchange is set to become this year's biggest tech initial public offering.

Delivery Hero SE’s Middle East unit had demand for all shares in its $1.5 billion Dubai initial public offering minutes after subscriptions opened, in the latest sign of robust demand for regional deals.

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

German food delivery service Delivery Hero said the initial public offering (IPO) of its Middle East business Talabat is expected to raise around 1.42 billion euros ($1.4 billion to $1.5 billion) in gross proceeds prior to its debut on the Dubai Financial Market (DFM) in December.

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.

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,

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 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.