Talabat Holding plc, an online ordering platform in the Middle East and North Africa, announced its intention to list its shares on the Dubai Financial Market through an initial public offering (IPO). This offering aims to provide investors with an opportunity to participate in the company’s shares, which offers a range of services including food ordering, delivery, takeaway, groceries, and essential retail products.
The company will offer 3,493,236,093 ordinary shares with a nominal value of AED 0.04 per share, representing 15% of the company’s total issued share capital. The IPO will be available to UAE retail investors, including eligible employees of Talabat, as part of the first tranche, as well as to investors outside the United States, including those in the UAE, as part of the second tranche.
The subscription period is set to begin on November 19, 2024, and will run until November 27, 2024, for UAE retail investors, while it will close on November 28, 2024, for investors outside the United States. The offer price will be determined through a book-building process during the subscription period, allowing the value of the offered shares to be set based on demand and market trends.
