on Delivery Hero AG (isin : DE000A2E4K43)
Delivery Hero SE Expands IPO Offering of Talabat Holding plc
On November 27, 2024, Delivery Hero SE announced an increase in the share offering for the IPO of its subsidiary, Talabat Holding plc. Initially set at 15%, the company decided to raise the offering to 20% of Talabat's total issued shares. This strategic move was approved by Delivery Hero’s Management Board, Supervisory Board, and the UAE Securities and Commodities Authority.
The price per share is set between AED 1.50 and AED 1.60, with potential gross proceeds ranging from AED 7.0 billion to AED 7.5 billion if all shares are sold. The final offer price will be disclosed on November 29, 2024. Talabat's shares are slated to begin trading on the Dubai Financial Market Stock Exchange on December 10, 2024.
R. H.
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