Talabat, the Middle East business of Delivery Hero , will list on the Dubai Stock Exchange in mid-December, floating 15% of its issued shares, its German parent said on Sunday, in what will be one of the UAE's biggest IPOs this year.

Founded in 2004 in Kuwait, Talabat has since expanded to serve customers in the United Arab Emirates (UAE), Oman, Qatar, Bahrain, Jordan, Iraq and Egypt, with over six million active customers as of the end of July,

Delivery Hero SE unveiled plans to list its Talabat unit in Dubai in what could be among the region’s biggest initial public offerings of the year.

It will retain a majority stake in Talabat. Delivery Hero SE has announced plans to list 15% of its food delivery and quick commerce business, Talabat, on the Dubai Financial Market in Q4 2024. The Securities and Commodities Authority of the UAE approved the local prospectus on 7 November 2024,