IPO
The final offer price will be determined through a book-building process and is expected to be announced on February 26
The system allows investors to subscribe directly through portfolios, eliminating the need for new accounts
The subscription period will open on February 20 and end on February 25
Market capitalization surged by 32 percent to $246.9 billion
EFG Hermes topped the MENA equity capital market in 2024 with 11 IPOs and 6 secondary offerings
Food delivery firm Talabat raised $2 billion in its stock market debut, the largest IPO in the MENA region during 2024
Shares of the online cosmetics retailer soared to as high as SAR45.5 ($12.1) each
By the end of 2024, the Dubai and Abu Dhabi stock exchanges' market cap exceeded $1.06 trillion
The company will trade under the ticker symbol “TALABAT”
Final share price has been set at AED1.60, valuing the company at around AED37.3 billion ($10.1 billion)
The additional 1,164,412,032 offer shares have been wholly allocated to the qualified investor offering
