The highly anticipated initial public offering (IPO) of Talabat is currently open for subscription, marking a significant step for the company and the region’s financial market. With the IPO launched on November 19, 2024, Talabat is offering 3.493 billion shares, representing 15% of its equity.
Subscription Timeline and Pricing
The IPO is open to retail investors until November 27, while institutional investors have until November 28 to submit their subscriptions. The shares are being offered at a price range of Dh1.5 to Dh1.6, with the final price set to be determined after the subscription period concludes.
A Strategic Move
Talabat’s IPO is expected to raise up to $1.5 billion, signaling strong interest in the company’s position in the growing quick-commerce and food delivery industry. The funds raised are likely to support the company’s continued growth and expansion plans.
Looking Ahead
Trading of Talabat’s shares on the Dubai Financial Market is anticipated to begin on December 10, 2024. As one of the region’s notable IPOs this year, it reflects the UAE’s active efforts to attract investment and strengthen its financial markets.
Talabat’s IPO represents a significant development in the MENA region’s financial landscape. Investors are watching closely as the subscription process unfolds, and more updates are expected in the coming weeks.
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