CosmicTaco

Delivery Hero Plans IPO of Middle East Unit Talabat in Dubai

CosmicTaco · 2024-08-29T17:23:37.221688+05:30

- Delivery Hero to list Talabat on Dubai Financial Market in Q4 - Company to sell existing shares while retaining majority stake - Middle East sales up 31% in Q2, outpacing other regions - Analysts suggest IPO proceeds could be used to reduce debt - Talabat's GMV reached 5 billion euros last year, serving multiple Middle Eastern countries Source: [Reuters](https://www.reuters.com/markets/deals/delivery-hero-prepares-ipo-talabat-unit-dubai-2024-08-29/)

Delivery Hero to list Talabat on Dubai Financial Market in Q4
Company to sell existing shares while retaining majority stake
Middle East sales up 31% in Q2, outpacing other regions
Analysts suggest IPO proceeds could be used to reduce debt
Talabat's GMV reached 5 billion euros last year, serving multiple Middle Eastern countries

Source: Reuters

3mo ago

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