{
}
Delivery Hero's CEO has indicated that the IPO of its Middle Eastern unit, Talabat, at a valuation of $10.2 billion, highlights the undervaluation of the parent company, which is valued at €10.9 billion ($11.5 billion). This public listing provides a significant cash influx for Delivery Hero SE.
Delivery Hero SE has increased the size of Talabat's initial public offering in Dubai to $2 billion, making it the largest listing in the UAE this year. The company plans to sell a 20% stake, up from 15%, with shares priced at 1.60 dirhams ($0.44) each, the upper limit of the initial range.
Talabat"s $1.5 billion initial public offering in Dubai saw all shares sold out just minutes after subscriptions opened, indicating strong demand for regional offerings. The IPO"s price range was set between 1.50 dirhams ($0.41) and 1.60 dirhams, with the parent company offering a 15% stake, equating to 3.49 billion shares.
Talabat
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
delivery hero ceo highlights undervaluation after talabat ipo success
10:36 29.11.2024
delivery hero increases talabat ipo size to two billion dollars
10:02 27.11.2024
talabat"s 1.5 billion dollar ipo sells out within minutes
06:47 19.11.2024
Trending
Subcategory
Stock Market Updates
Corporate News
Industry Trends
Global Trade Developments
Finance Mergers & Acquisitions
Global Financial Events
Retail and Consumer Goods
Startups & Entrepreneurship
Market Analysis and Predictions
CEO Changes
Banking Regulations
Industry Mergers & Acquisitions
Government Economic Policies
Government Policies
Inflation and Monetary Impact
GDP Growth & Recession Forecasts
Central Bank Actions
Financial Scams and Security
Hedge Funds & Private Equity
Commodities
Countries:
Companies:
JPMorgan Chase & Co.
Barclays PLC
Apple Inc.
Tesla, Inc.
Berkshire Hathaway Inc.
The Goldman Sachs Group, Inc.
Banco Santander, S.A.
Microsoft Corporation
Morgan Stanley
Wells Fargo & Company
Citigroup Inc.
Amazon.com, Inc.
Commerzbank AG
NVIDIA Corporation
SpaceXCoin USD
Lloyds Banking Group plc
Bank of America Corporation
Deutsche Bank Money Market PP
Royal Bank of Canada
UBS Group AG
Currencies:
United States Dollar
Euro
British Pound Sterling
Swiss Franc
Indian Rupee
Japanese Yen
Chinese Yuan
South Korean Won
New Taiwan Dollar
Canadian Dollar
United Arab Emirates Dirham
Vietnamese Đồng
Danish Krone
Indonesian Rupiah
Russian Ruble
Singapore Dollar
Chilean Peso
Egyptian Pound
Cambodian Riel
Israeli New Shekel
People: