on Delivery Hero AG (isin : DE000A2E4K43)
Delivery Hero SE Pursues IPO for Talabat Holding on Dubai Financial Market
Delivery Hero SE has announced its decision to proceed with the initial public offering (IPO) of its food delivery business, Talabat Holding plc, on the Dubai Financial Market in December 2024. The IPO will involve 15% of Talabat’s issued shares, subject to approval from the UAE Securities and Commodities Authority.
The IPO aims to raise funds for general corporate purposes and capital structure optimization. Following the IPO, Talabat plans to distribute significant dividends, including a minimum of USD 100 million in April 2025 and around USD 400 million in 2025 and 2026.
Delivery Hero will maintain its majority stake and continue consolidating Talabat in its financial statements. The IPO's success depends on market conditions and further resolutions by Delivery Hero's management.
R. H.
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