Page 32 - ALEF EDUCATION PR REPORT - AUGUST 2024

9/2/24, 9:35 AM Talabat IPO: Parent of UAE food delivery firm preparing for Dubai listing | The National
Talabat IPO: Parent of UAE food delivery firm preparing for Dubai listing

Delivery Hero, the Germany-based parent of the food delivery company, will sell existing shares in the planned
fourth-quarter public float

Sarmad Khan
August 29, 2024

Delivery Hero, the Germany-based food delivery platform, is preparing to list share of

its UAE subsidiary Talabat on the Dubai bourse, as it looks to capitalise on the continued

economic momentum and listing boom in the Emirates this year.

The Frankfurt-listed Delivery Hero is “preparing” for the initial public offering of Talabat

on the Dubai Financial Market in the fourth quarter of this year, Talabat said in a

statement on Thursday.

The Berlin-based parent will sell existing shares in its Emirati subsidiary, it said without

giving the size of the potential public float or the use of its proceeds.

“A listing may be pursued through a secondary sale of shares by Delivery Hero which

would retain the majority interest in the local listing entity after an IPO,” Delivery Hero

said in a separate bourse filing on Thursday.

Talabat, the on-demand food and quick-commerce app, said its IPO remains subject to

regulatory approvals and market conditions. The company and its parent will update the

market regarding the progress on the potential listing.

Growing pipeline

Talabat joins a growing list of companies seeking to list share on equity markets in the

UAE this year amid continued economic momentum in the Arab world’s second-largest

economy.

https://www.thenationalnews.com/business/markets/2024/08/29/talabat-prepares-for-dubai-listing-amid-uae-ipo-boom/ 1/4