Delivery Hero Eyes Dubai IPO for Middle Eastern Unit Talabat

Delivery Hero SE is looking to list its Middle Eastern unit, Talabat, on the Dubai stock exchange as it seeks to benefit from a rush of offerings in the Gulf.

The listing is planned for the fourth quarter of 2024, the German food delivery company said in a statement on Thursday. The initial public offering is pending market conditions and regulatory approvals, it said.

“A listing may be pursued through a secondary sale of shares by Delivery Hero which would retain the majority interest in the local listing entity after an IPO,” the firm said. Its shares rose as much ...