Delivery Hero’s Talabat Prices IPO at Top End of Range

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 CEO Says Talabat IPO Leaves Parent Company ‘Undervalued’
For Delivery Hero SE, the public listing of its Middle Eastern unit brings a much needed cash windfall — and a vexing problem.
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.
Delivery Hero Aims to Raise Around $1.5 Billion in Talabat IPO
The online delivery company set the share price at about $0.41 to $0.44, for the IPO of 15% of Talabat’s issued share capital.
Talabat IPO On Track To Be Year’s Largest Tech Listing
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.
Delivery Hero sets Talabat's IPO price at about $0.44 per share
The food delivery platform, Delivery Hero, on Friday set a final price for the initial public offering (IPO) of its Middle East online food ordering service Talabat Holding at United Arab Emirate dirham (AED) 1.
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
US Navy destroys Houthi missiles and drones targeting American ships in Gulf of Aden
U.S. Navy destroyers shot down seven missiles and drones fired by Yemen’s Houthi rebels at the warships and three American ...
UAE state oil group ADNOC sets up international investment arm XRG
United Arab Emirates state oil group ADNOC on Wednesday announced the launch of XRG, an investment company focusing on ...
Zawya3d
The Luxe Developers launch AED2.3bln development on Al Marjan Island
La Mazzoni, the developer's second multi-billion-dirham project on Al Marjan Island, combines sustainable living with ...
UAE Considers EU-Style Plan to Penalize Polluters for First Time
The United Arab Emirates is weighing the introduction of a pollution-charging mechanism, which would cement its position as a ...
Dubai snaps six-week rally, Abu Dhabi extends losses
Stock markets in the United Arab Emirates declined on Friday, despite rising oil prices, as the intensifying conflict between ...
Zawya17h
UAE celebrates 53rd National Day
The United Arab Emirates (UAE) will commemorate its 53rd National Day on December 2nd, a day that marks the unification of ...