Food delivery giant Talabat sets Initial Public Offering (IPO) price range, aiming for a valuation of up to $10 billion.

Food delivery giant Talabat sets Initial Public Offering (IPO) price range, aiming for a valuation of up to $10 billion.

Talabat Launches IPO on Dubai Financial Market

Talabat, a leading food and grocery delivery platform, has announced its Initial Public Offering (IPO) on the Dubai Financial Market. The German firm, currently owned by Delivery Hero, aims to list Talabat on the Dubai stock exchange in August.

The company's growth strategy, as outlined by Chief Executive Officer Tomaso Rodriguez, focuses on enhancing product offerings, increasing market penetration, investing in FinTech and loyalty programs, scaling advertising offerings, and exploring adjacent categories. This strategy is driven by the region's favorable socioeconomic conditions and a large, growing addressable market where Talabat operates in eight MENA countries.

In Q2 2025, Talabat reported strong financial growth. Gross merchandise value (GMV) increased 32% year-on-year to $2.4 billion, while revenue rose 35% year-on-year to $982 million. Adjusted EBITDA increased 31% to $166 million, and net income grew 33% to $119 million. The company raised its full-year 2025 guidance, with expected GMV growth of 27–29% and revenue growth of 29–32%.

The IPO could value Talabat between $9.51 billion and $10.15 billion. Talabat will offer 3.49 billion shares, representing 15% of its total share capital. Each investor's investments will be locked for 180 days after the company is listed.

Talabat has signed agreements with multiple cornerstone investors, including Emirates NBD AM SPC, the Abu Dhabi Pension Fund, and Emirates International Investment Company. These investors are committed to investing $250 million, purchasing over 15% of the total offered shares.

As of August 2025, Talabat's market capitalization after its IPO on the Dubai Financial Market is not explicitly stated in the provided search results. Since market capitalization is calculated as share price multiplied by total shares outstanding, you would need to check the Dubai Financial Market’s official website or financial news updates for Talabat’s current market cap.

Talabat boasts over 65,000 restaurant and grocery partners and six million active customers. With its IPO, the company could become the first tech company in the Middle East & North Africa with a market cap of over $10 billion.

The Initial Public Offering (IPO) of Talabat on the Dubai Financial Market indicates a focus on finance for the food and grocery delivery platform. Talabat's financial growth is evident, as shown by the increase in gross merchandise value (GMV), revenue, adjusted EBITDA, and net income in Q2 2025.

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