From NASDAQ MarketSite: 2024-11-10 19:34:01

Delivery Hero SE plans to launch an IPO for 15% of Talabat Holding plc’s total shares on the Dubai Financial Market in mid-December 2024. The company will retain the majority interest in Talabat, use IPO proceeds for corporate purposes, and receive dividends from Talabat’s profits. Talabat intends to pay a minimum dividend of US$100 million in April 2025 and US$400 million in two installments in October 2025 and April 2026. Delivery Hero SE will list its food delivery and quick commerce business under the talabat brand on the Dubai Financial Market in the fourth quarter of 2024.



Read more at NASDAQ MarketSite: Delivery Hero To Launch Talabat IPO On Dubai Exchange