Food delivery company Talabat is gearing up for a listing on the Dubai Financial Market in the fourth quarter of 2024, as confirmed by its parent firm, Delivery Hero, on Thursday.
In a formal statement, Delivery Hero mentioned, "The listing could involve a secondary sale of shares by Delivery Hero, which would maintain a majority stake in the local listing entity post-IPO." They further noted that the IPO's execution hinges on market conditions, the approval of a securities prospectus by the UAE's Securities and Commodities Authority, and additional decisions by Delivery Hero's Management Board and Supervisory Board.
