DUBAI: Delivery Hero, operates in the UAE and the Middle East under the Talabat brand, to launch IPO of Talabat, plans to list its business on the Dubai Financial Market in the fourth quarter of 2024.
The company might do this by selling some of its shares in Talabat through a secondary offering, but Delivery Hero will keep a majority stake in the company even after the initial public offering (IPO).
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However, the IPO will depend on market conditions and requires approval from the UAE’s Securities and Commodities Authority, as well as final decisions from Delivery Hero’s Management Board and Supervisory Board.
