Page 102 - AAE PR REPORT - December 2024

UAE: Talabat shares drop 6.8% on Dubai market debut

Talabat was the last big company in a series of initial public offerings (IPOs) that hit the UAE markets
this year

Published: Tue 10 Dec 2024, 9:43 PM
• By Waheed Abbas

Image used for illustrative purpose. Photo: File

Talabat shares ended 6.87 per cent down on debut on the Dubai Financial Market on Tuesday after
opening over 7 per cent higher soon after listing on the market.

The food delivery firm’s shares fell Dh0.11 to Dh1.49 per share after opening at Dh1.7 per share on
the first trading day of its listing. After rising 7.5 per cent soon after the opening, its share reversed
and ended lower.

Its counter saw 737.482 million shares changing hands worth Dh1.188 billion in 18,519 trades. It was
the most active stock on the day. The Dubai Financial Market also closed lower, falling 1.11 per cent
to 4,794.11 points on Tuesday.

Talabat was the last big company in a series of initial public offerings (IPOs) that hit the UAE markets
this year.

https://www.khaleejtimes.com/business/uae-talabat-shares-drop-6-8-on-dubai-market-debut