Page 132 - ALEF EDUCATION PR REPORT NOVEMBER 2024

11/11/24, 11:48 AM Talabat IPO: Parent of food delivery company to sell 15% stake in Dubai listing | The National
year-on-year basis.

An additional 11 private companies across various sectors, as well as five funds, intend to

list on the regional exchanges by the end of this year, according to EY's Mena IPO Eye Q3

2024 report.

The DFM, over the past few years, has also featured substantial listing activity.

Retailer Spinney's was the last to list shares on the DFM, in April. Parking operator

Parkin's IPO in March was the first in the UAE capital markets this year, which raised
Dh1.57 billion from investors. Demand for the deal hit a record Dh259 billion.

Companies in Dubai raised Dh34.5 billion through selling shares in the past three years,

with aggregate investor demand for those listings reaching more than Dh1 trillion, the

Dubai Securities and Exchange Higher Committee said in March.

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