BERLIN (dpa-AFX) - Delivery Hero SE (DHER.DE, DLVHF.OB), an online food delivery platform, has set the final price for Talabat Holding plc's Initial public offering at AED 1.60 per share or about US$0.44 per share. A total of 20% of Talabat's shares, amounting to 4.66 billion shares, will be sold, generating approximately AED 7.5 billion or about $2.0 billion in gross proceeds.
Delivery Hero last week announced the pricing for initial public offering of about 3.49 billion shares of Talabat Holding, with a price range of AED 1.50 to AED 1.60 or US$0.41 to US$0.44 per share.
Delivery Hero said Friday that a 180-day lock-up period will apply to the selling shareholder, a fully owned subsidiary of Delivery Hero, under certain conditions. Delivery Hero plans to retain a long-term majority indirect ownership in Talabat.
Talabat's shares are expected to trade on the Dubai Financial Market under the ticker symbol TALABAT from December 10, 2024.
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