Talabat"s IPO in Dubai, valued at $1.5 billion, experienced strong demand, with subscriptions fully covered shortly after opening. The offering, which included a 15% stake of 3.49 billion shares, attracted interest across a price range of 1.50 dirhams ($0.41) to 1.60 dirhams, indicating investor confidence in the regional market.
The rapid sell-out reflects the increasing demand for IPOs in the Middle East, as investors eagerly participate in high-profile listings. The successful launch of Talabat"s IPO highlights the growing appeal of the region"s financial markets to both local and international investors.