Today's Edition
A.SREENIVASA REDDY (ABU DHABI)
Talabat is expected to raise around $1.5 billion during the upcoming initial public offer (IPO), Bloomberg reported, quoting sources familiar with the matter.
Delivery Hero, the German parent company of Talabat, is eyeing a $10 billion valuation for the company, Bloomberg added.
Talabat is scheduled to announce the price range for shares on Tuesday, when subscriptions for the IPO will begin. Officially, the valuation figures will be confirmed once the price range is disclosed.
Delivery Hero offers nearly 3.5 billion (15%) of its over 23 billion shares. If Bloomberg’s source-based valuation is accurate, the price range of Talabat shares is likely to be above Dh1.50.
Talabat’s margins and strong growth prospects support a valuation premium, according to Bloomberg Intelligence’s Tatiana Lisitsina.
The Berlin-based delivery business major, which acquired Talabat in 2015, plans to use IPO proceeds for “general corporate purposes and to further optimise the capital structure,” according to a previous statement.
The company has also detailed its dividend policy, which includes a minimum dividend of approximately $100 million (Dh367.25 million) in April 2025, covering Q4 2024 financial results. It also targets two instalments totalling around $400 million (Dh1,469 million) in October 2025 and April 2026, based on 2025 results.
Talabat has hired Emirates NBD Capital, J.P. Morgan Securities, and Morgan Stanley & Co International as joint global coordinators and joint book-runners. The company will be listed on the Dubai Financial Market (DFM)
