Deals
Dubai’s Mega Tech IPO Solidifies Turnaround That Began in 2021
Talabat’s $2 billion IPO marks a key milestone for Dubai’s booming stock market.
Skyscrapers on the city skyline in Dubai, United Arab Emirates
Photographer: Christopher Pike/BloombergThis article is for subscribers only.
German food delivery giant Delivery Hero SE’s Middle Eastern unit is set to start trading in Dubai next week, solidifying a years-long turnaround for the city’s bourse.
Talabat’s $2 billion initial public offering, the largest in the Middle East this year and the biggest technology listing globally, could also help kickstart a new chapter in the emirate’s push for private listings.