
The United Arab Emirates (UAE) has solidified its status as a leading hub for initial public offerings (IPOs) in the Europe, Middle East, and Africa region, with Dubai hosting the year's largest tech IPO. Talabat Holding, backed by Delivery Hero, made its trading debut on the Dubai stock exchange, raising over $2 billion, marking the biggest tech sector IPO of 2024. This event underscores Dubai's turnaround in the IPO market, which began in 2021. Concurrently, the UAE has seen a surge in startup investments, leading the MENA region in November with $146 million across 11 deals. The country also hosted a 3-day Founders' Retreat in Abu Dhabi and Dubai, fostering partnerships between Indian startup founders and Emirati leaders, highlighting the growing economic ties between the UAE and India.
Delivery Hero’s Talabat Shares Jump on Dubai Stock Market Debut https://t.co/ie6eww9qHX
Talabat Holding advances in its Dubai trading debut after raising more than $2 billion in the largest initial public offering for the tech sector this year. https://t.co/Q2MgVSfRnv
Talabat Holding advances in its Dubai trading debut after raising more than $2 billion in the largest initial public offering for the tech sector this year. https://t.co/KQDb6mYDBE