Delivery Hero seeks to raise up to $1.5 billion from Talabat IPO
Orientul Mijlociu
German delivery company Delivery Hero SE is seeking to raise up to $1.5 billion from an initial public offering (IPO) of its Middle East unit, Talabat, in a deal that would rank as one of the region's largest in 2024, Bloomberg reported. The German food delivery firm will offer a 15% stake in Talabat, or 3.49 billion shares, at a price of 1.50 dirhams ($0.41) to 1.60 dirhams each, the company said in a statement. The final offering price will be announced on November 29, and the shares are set
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