Delivery Hero SE Plans IPO for Talabat Holding Shares

Delivery Hero SE has announced the pricing for its initial public offering (IPO) of Talabat Holding, targeting to raise up to $1.5 billion. The expected price range per share is set, with trading to commence in December 2024. This move could significantly impact investor sentiment and stock prices.

Date: 19-11-2024

AI Rating: 7

According to the report, Delivery Hero SE is offering about 3.49 billion shares of Talabat Holding within a price range of AED 1.50 to AED 1.60 (or US$0.41 to US$0.44) per share. The company anticipates raising between AED 5.2 billion and AED 5.6 billion (approximately US$1.4 billion to US$1.5 billion) from this IPO.

This significant capital influx can be seen as a positive indicator for Delivery Hero SE, suggesting investor confidence in Talabat's performance and growth potential. Furthermore, the announced target to list all shares of Talabat on the Dubai Financial Market enhances the company's market reach and visibility.

While the report does not provide specific metrics such as Earnings Per Share (EPS), Revenue Growth, Net Income, Profit Margins, Free Cash Flow (FCF), or Return on Equity (ROE), the overall outlook for Delivery Hero SE indicates a strategic move towards expansion and potential financial gain from this IPO.

Stocks: DHER.DE