Delivery Hero Plans Talabat IPO
This is a news story, published by CNBC, that relates primarily to Talabat news.
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potential Talabat IPOCNBC
•European food delivery giant Delivery Hero plans IPO of its Middle East unit
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 .
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