The Middle East subsidiary of Delivery Hero, Talabat, raised $2 billion from an initial public offering on Dec. 10. Talabat sold more than 4.65 billion shares at AED1.60  ($0.44) per share. The sale of a 20% stake represents a market capitalization of around $10 billion. Berlin-based Delivery Hero decided to increase the size of the offering from 15% to 20%, citing robust demand. Tomaso Rodriguez, CEO of Talabat, a regional food ordering and convenience retail marketplace, confirmed that the