Delivery Hero Targets $1.5B in Talabat IPO

Delivery Hero SE plans to raise up to $1.5 billion through the IPO of its Middle Eastern unit, Talabat, marking one of the region's largest offerings this year. The IPO will involve a 15% stake in Talabat, with shares priced between 1.50 and 1.60 dirhams, and trading is set to begin on the Dubai Financial Market on December 10. The valuation for Talabat could reach $10 billion, despite recent lackluster IPO debuts in the region. Talabat operates in eight countries and is considered a key asset in Delivery Hero's portfolio.