#Dubai Financial Markets

Delivery Hero’s Talabat seeks to raise $1.52bn from IPO

Delivery Hero’s Talabat sets IPO price range, seeks to raise $1.52bn

The indicative share price of Dhs1.50 and Dhs1.60 per share implies a market valuation of around Dhs37.3bn at the top of the range

Delivery Hero prepares IPO of Talabat on Dubai bourse

The IPO remains subject to market conditions and regulatory approval from the Securities and Commodities Authority

Spinneys’ $375m IPO draws orders worth $19bn

Supermarket chain Spinneys’ $375m IPO draws orders worth $19bn

The company priced its IPO at the top of the previously announced range, selling its shares at Dhs1.53 per share to raise $375m (Dhs1.38bn)