Delivery Hero Sets Talabat Final IPO Price at Top of Range (1)

Delivery Hero SE set the price for its Middle Eastern unit’s initial public offering at the top of its range, putting the deal on pace to be the United Arab Emirates’ biggest listing of the year.

The German company set the final price in the Talabat Holding IPO at AED 1.60 ($0.44) per share, according to a statement.

Delivery Hero will raise close to AED 7.5 billion ($2 billion) with Talabat’s listing, by selling 20% of the company’s shares.

This price implies a valuation of around $10.2 billion for the Middle Eastern business, slightly below Delivery Hero’s $11.5 billion market ...