on Delivery Hero AG (isin : DE000A2E4K43)
Delivery Hero SE Sets IPO Price Range for Talabat Holding plc
Berlin, November 18, 2024 — Delivery Hero SE announced the initial public offering (IPO) of 15% of Talabat Holding plc shares, aiming for a listing on the Dubai Financial Market by mid-December 2024. The price per share has been set between AED 1.50 and AED 1.60, equating to approximately USD 0.41 to USD 0.44. Delivery Hero plans to sell 3,493,236,093 shares during the offer period from November 19 to November 28, 2024, potentially raising between AED 5.2 billion and AED 5.6 billion (USD 1.4 billion to USD 1.5 billion).
The company aligns plans with the necessary supervisory approvals, adjusting the size of the offering as needed. Final pricing details are expected on November 29, 2024, with trading to commence on December 10, 2024.
R. H.
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