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Dubai News Club > Business > Talabat raises $2bn in Dubai IPO as Gulf flotations shine
Business

Talabat raises $2bn in Dubai IPO as Gulf flotations shine

Press Room
Last updated: 2024/11/29
Press Room
Published: November 29, 2024
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Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

Middle East-based food delivery company Talabat has raised $2bn in the Gulf’s biggest initial public offering this year, as the region bucks a global downturn in flotations.

Talabat, which is German group Delivery Hero’s food delivery and quick commerce business in the Middle East and north Africa, priced its IPO at Dh1.60 per share, it said on Friday. That gives…

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