Talabat

Delivery Hero Targets $1 Billion Bond Buyback Through Talabat IPO

2 months ago

Delivery Hero, a leading global food delivery service, is setting its sights on an ambitious financial strategy as it prepares for an initial public offering (IPO) of its subsidiary, Talabat. This move is not just about raising capital; it represents a strategic initiative to consolidate company debt by executing a significant bond buyback, worth approximately $1 billion.

Talabat Soars in Dubai Debut Following Record-Breaking IPO

4 months ago

Talabat, the popular food delivery service in the Middle East, has made a significant splash in Dubai's stock market, following its initial public offering (IPO) which stands as the largest in the Gulf region for the year 2024. The company's shares climbed notably on their first day of trading, signaling strong investor interest and confidence in its business model amid a competitive landscape.

Dubai’s Talabat Dher IPO: A Major Milestone for the Stock Exchange Surge

4 months ago

Dubai's financial landscape continues to transform dramatically as the IPO of Talabat Dher marks a significant turnaround for the local stock exchange. This initial public offering, which has captivated investors and market analysts alike, reflects a deep revitalization of the region’s economic fabric and presents robust growth potential for the future.

Delivery Hero CEO Says Talabat IPO Reveals Undervaluation of Parent Company

4 months ago

In a recent statement, Delivery Hero’s Chief Executive Officer, Niklas Östberg, emphasized that the initial public offering (IPO) of its Middle Eastern subsidiary, Talabat, has unveiled a significant disparity in market valuation between the German parent company and its assets. This comment comes in the wake of Talabat's successful public offering, which has heightened discussions about Delivery Hero's stock performance and overall market presence.

Talabat's Dubai IPO Raises $1.5 Billion, Quickly Sells Out

5 months ago

In a remarkable demonstration of market enthusiasm, the online food delivery service Talabat has announced that its initial public offering (IPO) in Dubai has successfully raised $1.5 billion, shortly after the subscription books were opened to investors. This swift sellout highlights strong demand for shares in the company, reflecting the growing appetite for technology-driven services in the Middle East.

Dubai's Delivery Hero Plans a High-Stakes IPO for Talabat, Targeting $1.5 Billion

5 months ago

The culinary landscape of the Middle East is set for a significant shift as Delivery Hero AG, a leading global food delivery service, moves forward with plans to initiate an Initial Public Offering (IPO) for its subsidiary, Talabat. This IPO could potentially raise around $1.5 billion, signaling a major financial endeavor for the company and its stakeholders in the UAE.