Talabat, the Middle East’s leading food and grocery delivery platform, is set for a historic public listing on the Dubai Financial Market. Its parent company, Delivery Hero SE, has priced the initial public offering (IPO) at AED 1.60 ($0.44) per share, raising nearly AED 7.5 billion ($2 billion) in what is poised to be the world’s largest technology sector IPO so far this year.
IPO Details And Strong Investor Demand
The offering, which priced at the top of its indicated range, implies a valuation of approximately $10.2 billion for Talabat. Delivery Hero sold a 20% stake in its subsidiary, increasing the offering from an initial 15% due to exceptionally strong demand from major global technology and long-only investors. This robust appetite underscores significant international confidence in the MENA region’s leading tech assets. Talabat’s shares are scheduled to begin trading on December 10.
A Milestone For The Regional Tech Scene
The listing is not only a global tech event but also a major milestone for the regional capital markets. It will rank as the largest share sale in the Middle East this year, contributing to a booming IPO market that has already raised nearly $11 billion in 2025. The move signals the increasing maturity of the MENA tech ecosystem, demonstrating a clear path from startup to a multi-billion dollar public company on a local exchange.
Talabat’s Market Dominance
Operating across eight countries—the UAE, Kuwait, Oman, Qatar, Egypt, Jordan, Iraq, and Bahrain—Talabat has become a dominant force in the region’s online delivery market. Its leadership position has been further solidified by parent company Delivery Hero’s strategic acquisitions, including Zomato’s UAE business in 2019 and the quick-commerce platform InstaShop in 2020.
About Talabat
Founded in Kuwait in 2004, Talabat is the largest online food and grocery delivery platform in the Middle East & North Africa. With a network of thousands of restaurants and stores, it provides a seamless and convenient way for millions of customers to order their favorite meals, groceries, and other goods. Acquired by Delivery Hero in 2015, Talabat has continued to expand its services and geographic footprint across the region.
Source: MEA TechWatch
