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European food delivery giant Delivery Hero plans IPO of its Middle East unit

CNBC
Summary
Nutrition label

76% Informative

Delivery Hero says it plans to spin off its Middle East business Talabat and float it on the Dubai stock exchange .

The company did not disclose a valuation, share price target, volume of shares that it will list, or a specific timeline beyond the fourth-quarter indication.

The Middle East and North America is the second -largest region for Delivery Hero , accounting for around 28% of its overall revenues in the second quarter .

VR Score

82

Informative language

84

Neutral language

87

Article tone

formal

Language

English

Language complexity

62

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

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