Dubai's stock exchange is experiencing a significant event with the upcoming initial public offering (IPO) of Talabat, the Middle Eastern unit of Delivery Hero SE. This IPO, valued at $2 billion, is the largest in the Middle East for 2023 and the largest technology listing globally. It is seen as a crucial step in the ongoing revitalization of Dubai's bourse, which has been progressing since 2021.
Talabat's entry into the market is expected to generate more interest in private listings and solidify Dubai's position as a growing technology investment hub in the region.
The IPO of Talabat is a significant milestone for Dubai's stock exchange. With a valuation of $2 billion, it is not only the largest IPO in the Middle East for 2023 but also the largest technology listing globally. This event marks an important step in the ongoing revitalization of Dubai's bourse, which has been making progress since 2021. Talabat's entry into the market is expected to attract more interest in private listings and further establish Dubai as a prominent technology investment hub in the region.