Delivery Hero SE Finalizes IPO Price for Talabat Holding

On November 29, 2024, Delivery Hero SE announced the final share price for the initial public offering (IPO) of its subsidiary, Talabat Holding plc. The IPO is expected to generate gross proceeds of approximately USD 2.0 billion. The company set the share price at AED 1.60, roughly USD 0.44, offering 20% of Talabat's shares to investors, translating to 4,657,648,125 shares.

The shares are anticipated to begin trading on the Dubai Financial Market under the ticker 'TALABAT' on December 10, 2024. Delivery Hero intends to maintain majority ownership in Talabat following the IPO, with a 180-day lock-up period applied to the selling subsidiary.

This important strategic move is aimed at enhancing Talabat's market presence, while ensuring Delivery Hero retains significant control over its operations.