Talabat Holding has increased its initial public offering (IPO) size from 15% to 20% of its total issued share capital, now offering 4.65 billion shares. This decision responds to significant interest from international and regional investors, particularly in the Qualified Investor Offering tranche.
The IPO price range remains between Dh1.50 and Dh1.60 per share, positioning the offering’s value between Dh7 billion and Dh7.5 billion. All shares are existing ones held by Delivery Hero MENA Holding GmbH, a subsidiary of Delivery Hero SE.
The subscription period, which began on November 19, 2024, closes on November 27 for UAE retail investors and November 28 for professional investors. The final offer price will be determined through a book-building process and announced on November 29. Trading on the Dubai Financial Market is expected to commence around December 10, 2024.
