Delivery Hero is looking to the Gulf to remove the sour taste of recent years. The $12 billion Frankfurt-listed group has seen its shares slump by over two-thirds since December 2020. Its decision on Monday to commence the sale of 15% of its Middle East and North Africa business,

Delivery Hero SE’s Middle Eastern subsidiary is looking to diversify beyond its core business of food and groceries delivery, a top executive said, after the firm teed up a share sale that could value it more than its parent company.

Delivery Hero SE unveiled plans to list its Talabat unit in Dubai, in what could be among the region’s biggest initial public offerings of the year.

Talabat, the Middle East business of Delivery Hero , plans to launch its Dubai initial public offering next week, three people familiar with the plans told Reuters, in one of the UAE's biggest IPOs this year.

German multinational Delivery Hero says it preparing to float 15% of stock from its rapidly expanding Middle East subsidiary Talabat in an initial public offering (IPO). The food delivery brand announced in Berlin on Sunday that it aims to list all shares in Talabat - the Arabic for "orders" - on the Dubai stock exchange by mid-December.

Delivery Hero’s with the supervisory board consent, has resolved to pursue an initial public offering (IPO) of 15% of Talabat's shares.

Valuation is broadly expected at US$13bn–$15bn-equivalent with a deal size of around 10%, though Delivery Hero’s need to deleverage could mean it sells more stock

Talabat, the Middle East business of Delivery Hero, plans to launch its Dubai initial public offering next week, three people familiar with the plans told Reuters, in one of the UAE's biggest IPOs this year.

Delivery Hero SE unveiled plans to list its Talabat unit in Dubai in what could be among the region’s biggest initial public offerings of the year.