Delivery Hero to offer 15% stake in Talabat via IPO on Dubai Financial Market

It will retain a majority stake in Talabat.

Delivery Hero SE has announced plans to list 15% of its food delivery and quick commerce business, Talabat, on the Dubai Financial Market in Q4 2024.

The Securities and Commodities Authority of the UAE approved the local prospectus on 7 November 2024, and it will be published on Talabat's website on 11 November 2024.

Institutional investors will be offered shares based on an international offering memorandum, which will be released during the book-building period.

Delivery Hero will retain a majority stake in Talabat, with a 180-day lock-up period post-listing, and continue to consolidate Talabat’s financials. The IPO proceeds will be used for corporate purposes and capital optimisation.

Talabat plans to pay a minimum dividend of $100m in April 2025 and $400m in two installments in 2025, with a target 90% payout thereafter.

The IPO's completion is subject to market conditions and further approvals.

Also Read

Coca-Cola, Grab strengthen partnership to engage hybrid shoppers in SEA

TikTok ‘shoppertainment’ drives mega-sale hit

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit