Talabat's $1.5 Billion IPO in Dubai Sells Out Instantly Amid High Investor Demand

Talabat's $1.5 billion IPO in Dubai sold out almost instantly. That’s right—demand was through the roof!

Delivery Hero is offering a 15% stake in its Middle Eastern unit. They set the price range between 1.50 dirhams and 1.60 dirhams per share.

Within minutes of opening subscriptions, every share was claimed. This shows just how much interest there is in regional deals right now.

According to details from Bloomberg News, the books for Talabat’s IPO were fully covered across the entire price range. That’s impressive!

The parent company is offering a 15% stake, which amounts to 3.49 billion shares. This move highlights the strong market appetite for such offerings.

Overall, it’s a clear sign that investors are eager to get involved.