Delivery Hero SE determines final share price for IPO of Talabat Holding plc resulting in gross proceeds of circa USD 2.0 billion

Delivery Hero SE (“Delivery Hero” or the “Company”, ISIN DE000A2E4K43, Frankfurt Stock Exchange: DHER), in consultation with the advising banks, set the final price per share in Talabat Holding plc (“Talabat”) at AED 1.60 (i.e., circa USD 0.44). In total, 20% of the shares in Talabat will be sold to investors. This is equal to a total number of 4,657,648,125 shares. By selling these shares, Delivery Hero will generate gross proceeds in the amount of approximately AED 7.5 billion (i.e., circa USD 2.0 billion).

A 180-days lock-up period will, subject to certain conditions, apply for the selling shareholder, a fully owned subsidiary of the Company. Delivery Hero intends to retain a long-term majority indirect ownership position in Talabat.

The shares in Talabat are expected to be traded on the Dubai Financial Market under the ticker symbol TALABAT as of December 10, 2024. The International Securities Identification Number (ISIN) is AEE01569T24.

Source: Investing.com