on Delivery Hero AG (isin : DE000A2E4K43)
Delivery Hero to Launch Talabat IPO on Dubai Stock Exchange in Q4 2024
Berlin, August 29, 2024 – Delivery Hero SE announced plans to list its Talabat business on the Dubai Financial Market in the fourth quarter of 2024. The IPO would involve a secondary share sale, with Delivery Hero retaining majority ownership in the local entity post-listing.
The company's plans are conditional on market conditions, approval from the UAE's Securities and Commodities Authority, and further resolutions from Delivery Hero's management and supervisory boards. This move highlights Delivery Hero's strategic focus on the Middle East and North Africa region.
Talabat, a strong player in the food delivery and quick commerce sectors across the UAE and neighboring markets, is expected to leverage this listing to enhance its growth and operational reach.
R. H.
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