Delivery Hero SE has decided to increase the size of its initial public offering for Talabat in Dubai to $2 billion, making it the largest listing in the United Arab Emirates this year.
The German company now plans to sell a 20% stake in the food delivery service, up from the previously planned 15%. The IPO is expected to price shares at 1.60 dirhams ($0.44), which is at the higher end of the initial price range that started at 1.50 dirhams.
This decision reflects strong investor interest and aims to take advantage of the growing demand for food delivery services in the region.