Talabat Stumbles Despite UAE’s Top 2024 Listing
Delivery Hero’s Middle East subsidiary Talabat raised $2 billion in an IPO on December 10. Talabat sold more than 4.65 billion shares at AED1.60 ($0.44) per share. The sale of a 20% stake represents a market capitalization of approximately $10 billion. Berlin-based Delivery Hero has decided to increase the size of its offering from 15% … Read more