Dubai: The initial public offering of Dubai-based food delivery company Talabat looks to be launched as soon as next week, according to Reuters, citing sources familiar with the undisclosed plans.
The listing, penciled in by its Berlin-headquartered parent Delivery Hero for the fourth quarter, could see the Middle East business – which operates in eight countries across the region – being valued at between $9 billion and $12 billion, Bloomberg estimates, and could raise $1 billion.
In what could be one of the UAE’s biggest IPOs this year, the potential Talabat offering comes days after hypermarket chain operator Lulu Retail raised $1.72 billion ahead of publicly listing a 30 percent stake in Abu Dhabi.
The latest listing updates on Talabat comes after it reported a 46 per cent increase in third-quarter profits on the back of a 23 per cent spike in value of goods sold at $1.92 billion.
Kochi: A prominent NRI who is known for his corporate finance expertise and association with…
By Joseph Maliakan As a reporter who has witnessed the continuous erosion of academic freedoms…
KOCHI: The significance of the Comprehensive Economic Partnership Agreement (CEPA) as a catalyst to boost…
Kochi: A business seminar aimed at providing exporters and the business community with insights into…
The International Chamber for Indian Music & Culture, an international initiatives of Parakkadathu Koyickal Trust,…
India Union Budget was sector diversified and considering the increasing global economic challenges, the India…
This website uses cookies.