Talabat is a food and grocery delivery platform operating in the Middle East, with a presence in Kuwait, UAE, Oman, Qatar, Bahrain, Jordan, Iraq, and Egypt. The company, founded in 2004, serves over six million active customers.

Talabat will list approximately 4.65 billion shares, representing a 20% stake, on the Dubai Financial Market, following an increase in the offer size from 15% due to significant international and regional investor demand. The IPO subscription period is set for November 19-28, with trading expected to begin on or around December 10. Shares are priced between 1.5 and 1.6 dirhams ($0.41–$0.44) each, with the offering projected to raise up to $2 billion if priced at the top of the range. Proceeds from the IPO will be directed to Talabat’s parent company, Delivery Hero, for general corporate purposes.

The IPO is managed by Emirates NBD, JP Morgan, and Morgan Stanley, who serve as joint global coordinators and book-runners.