UAE: Talabat, the leading on-demand food and quick-commerce app for daily deliveries, announced on Monday that its parent company, Delivery Hero MENA Holding, plans to sell more than 3.493 billion (3,493,236,093) ordinary shares through an initial public offering (IPO) at a nominal value of Dh0.04 per share.
The subscription for the IPO will open on November 19, closing on November 27 for the first tranche and November 28 for the second tranche. The offer price range will be disclosed on November 19 or just before the offer period begins.
The final offer price will be revealed on November 29, and shares are set to be listed on the Dubai Financial Market on December 10. Following the offering, the company’s paid-up capital will reach Dh931.52 million (931,529,625).
