Delivery Hero SE Sets Final Share Price for Talabat Holding plc's IPO, Raising Approximately $2.0 Billion in Gross Proceeds

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Delivery Hero SE Sets Final Share Price for Talabat Holding plc's IPO, Raising Approximately $2.0 Billion in Gross Proceeds

Delivery Hero SE ("Delivery Hero" or "Company", ISIN DE000A2E4K43, Frankfurt Stock Exchange: DHER) has determined the final price per share for Talabat Holding plc ("Talabat") to be 1.60 AED (approximately 0.44 USD) in consultation with advisory banks. A total of 20% of Talabat's shares will be sold to investors. This corresponds to a total of 4,657,648,125 shares. Through the sale of these shares, Delivery Hero is expected to generate gross proceeds of approximately 7.5 billion AED (around 2.0 billion USD).

A lock-up period of 180 days will apply to the selling shareholder, who is a wholly-owned subsidiary of the Company, subject to certain conditions. Delivery Hero aims to maintain a long-term majority indirect ownership position in Talabat.

Talabat shares are expected to be traded on the Dubai Stock Exchange under the ticker code TALABAT starting from December 10, 2024. The International Securities Identification Number (ISIN) is AEE01569T24.

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