Delivery Hero SE has disclosed the pricing details for the initial public offering (IPO) of approximately 3.49 billion shares of Talabat Holding. The shares will be available within a price range of AED 1.50 to AED 1.60, which translates to US$0.41 to US$0.44 per share. This offering is scheduled to commence on November 19, 2024, and will conclude on November 28, 2024.
Based on the final pricing of the offer, Delivery Hero anticipates garnering proceeds of between AED 5.2 billion and AED 5.6 billion, equivalent to roughly US$1.4 billion to US$1.5 billion, through this share sale. The definitive offer price is expected to be revealed on November 29, 2024.
The shares of Talabat are projected to commence trading on the Dubai Financial Market on December 10, 2024.
On November 10, 2024, Delivery Hero SE announced its plans to proceed with an IPO for 15% of Talabat Holding plc’s total issued shares, which are indirectly owned by Delivery Hero. The objective is to list all of Talabat's shares on the Dubai Financial Market by mid-December 2024.
