Delivery Hero’s Talabat priced its Dubai initial public offering at the top end of the previously announced range, implying a market value of around $10 billion.

Delivery Hero SE set the price for its Middle Eastern unit’s initial public offering at the top of its range, putting the deal on pace to be the United Arab Emirates’ biggest listing of the year.

Delivery Hero has set the price for the IPO of its Middle Eastern unit, Talabat, at 1.60 UAE dirhams ($0.44) per share. It will raise AED 7.5 billion ($2 billion) in gross proceeds from its IPO on the Dubai financial Market (DFM).

German food delivery service Delivery Hero said the initial public offering (IPO) of its Middle East business Talabat is expected to raise around 1.42 billion euros ($1.4 billion to $1.5 billion) in gross proceeds prior to its debut on the Dubai Financial Market (DFM) in December.

For Delivery Hero SE, the public listing of its Middle Eastern unit brings a much needed cash windfall — and a vexing problem.Most Read from BloombergRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsAs Wars Rage,

Talabat is to raise about $2 billion from its IPO this year, after Delivery Hero priced the offering at the top end of the indicated range.

Middle East-based food delivery company Talabat has raised $2bn in the Gulf’s biggest initial public offering this year, as the region bucks a global downturn in flotations. Talabat, which is German group Delivery Hero’s food delivery and quick commerce business in the Middle East and north Africa,

Following the IPO, Talabat plans to pay a minimum dividend of AED367.25 million in April 2025. The company is targeting a minimum dividend of AED 1.5 billion in 2025, split into t

Talabat Holding, the Middle Eastern unit of Germany's food delivery platform Delivery Hero, has raised Dh7.5 billion ($2.04 billion) through its initial public offering, setting the price at the top of the range for the biggest public float in the Gulf this year.