Delivery Hero SE priced its Middle Eastern unit’s initial public offering at the top of its range, putting the deal on pace to be the largest tech sector IPO of the year.

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

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).

For Delivery Hero SE, the public listing of its Middle Eastern unit brings a much needed cash windfall — and a vexing problem.

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.

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

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