{"id":82489,"date":"2024-11-19T00:00:00","date_gmt":"2024-11-19T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/11\/19\/talabat-ipo-to-raise-up-to-usd-1-5-bn\/"},"modified":"2024-11-19T00:00:00","modified_gmt":"2024-11-19T00:00:00","slug":"talabat-ipo-to-raise-up-to-usd-1-5-bn","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/11\/19\/talabat-ipo-to-raise-up-to-usd-1-5-bn\/","title":{"rendered":"Talabat IPO to raise up to USD 1.5 bn"},"content":{"rendered":"

Delivery Hero will sell a 15% stake in its Middle East unit Talabat on the DFM at AED <\/strong>1.5-1.6 apiece<\/strong>, putting it on track to raise some USD 1.5 bn, Bloomberg<\/a> reports, citing a statement it has seen. The top end of the price range values the company at USD 10 bn. <\/p>\n

REMEMBER- De<\/strong>livery Hero is set to kick off book building for <\/strong>Talabat\u2019s IPO<\/a><\/strong> today.<\/strong> The retail investors\u2019 subscription period closes on Wednesday, 27 November, with the subscription period for institutional investors wrapping the following day. Delivery Hero plans to allocate<\/a> 95% of the IPO shares to institutional investors, while 5% will be allocated to retail investors.<\/p>\n

ADVISORS-<\/strong> Delivery Hero appointed Emirates NBD Capital, Morgan Stanley, and JP Morgan as joint coordinators and bookrunners, with Abu Dhabi Commercial Bank (ADCB), Barclays, EFG-Hermes UAE, First Abu Dhabi Bank (FAB), Goldman Sachs, ING, and UniCredit also acting as joint bookrunners. Emirates NBD is the lead receiving bank, while ADCB, Abu Dhabi Islamic Bank, Al Maryah Community Bank, Wio, Emirates Islamic Bank, FAB, and our friends at Mashreq are also acting as receiving banks.<\/p>\n","protected":false},"excerpt":{"rendered":"

Delivery Hero will sell a 15% stake in its Middle East unit Talabat on the DFM at AED 1.5-1.6 apiece, putting it on track to raise some USD 1.5 bn, Bloomberg reports, citing a statement it has seen. The top end of the price range values the company at USD 10 bn. REMEMBER- Delivery Hero […]<\/p>\n","protected":false},"author":1,"featured_media":82490,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[229],"tags":[228,373],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-82489","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo-watch","tag-ipo-watch","tag-talabat","wpautop","entry"],"acf":{"mongo_id":"5527efad-4a55-4041-bc65-d76956291012","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/11\/1777.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Talabat IPO to raise up to USD 1.5 bn","related_issue":[82484],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.799c8292-674f-4205-8259-01049e81b15e.mp3"},"yoast_head":"\nTalabat IPO to raise up to USD 1.5 bn - Logistics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/logistics\/2024\/11\/19\/talabat-ipo-to-raise-up-to-usd-1-5-bn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Talabat IPO to raise up to USD 1.5 bn\" \/>\n<meta property=\"og:description\" content=\"Delivery Hero will sell a 15% stake in its Middle East unit Talabat on the DFM at AED 1.5-1.6 apiece, putting it on track to raise some USD 1.5 bn, Bloomberg reports, citing a statement it has seen. The top end of the price range values the company at USD 10 bn. 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