Delivery Hero’s Middle Eastern subsidiary Talabat made its debut on the Dubai Financial Market, marking the region’s largest IPO this year with proceeds of approximately two billion euros through a 20% stake sale. The listing witnessed a volatile start, with shares initially jumping 7.5% to 1.72 dirham before retreating below the issue price of 1.60 dirham to 1.49 dirham. The market response reverberated through the parent company’s stock, as Delivery Hero shares experienced a significant decline of nearly 9% on XETRA, trading at 32.40 euros.
Strong Operational Performance
Despite the fluctuating market reception, Talabat’s operational metrics demonstrate robust growth in the MENA region. The company achieved a gross merchandise value exceeding 5 billion euros in 2023, with growth surpassing 20% in early 2024. The business maintains an impressive adjusted EBITDA margin above 6% and serves more than six million monthly active users through its network of 65,000 merchants and 119,000 active drivers.
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Delivery Hero Stock: New Analysis – 11 December
Fresh Delivery Hero information released. What’s the impact for investors? Our latest independent report examines recent figures and market trends.
Read our updated Delivery Hero analysis…
Delivery Hero’s Middle Eastern subsidiary Talabat made its debut on the Dubai Financial Market, marking the region’s largest IPO this year with proceeds of approximately two billion euros through a 20% stake sale. The listing witnessed a volatile start, with shares initially jumping 7.5% to 1.72 dirham before retreating below the issue price of 1.60 dirham to 1.49 dirham. The market response reverberated through the parent company’s stock, as Delivery Hero shares experienced a significant decline of nearly 9% on XETRA, trading at 32.40 euros.
Strong Operational Performance
Despite the fluctuating market reception, Talabat’s operational metrics demonstrate robust growth in the MENA region. The company achieved a gross merchandise value exceeding 5 billion euros in 2023, with growth surpassing 20% in early 2024. The business maintains an impressive adjusted EBITDA margin above 6% and serves more than six million monthly active users through its network of 65,000 merchants and 119,000 active drivers.
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Fresh Delivery Hero information released. What’s the impact for investors? Our latest independent report examines recent figures and market trends.