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

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

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

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

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