Delivery Hero Said To Tap JPM, Morgan Stanley For Talabat IPO

Source: Bloomberg

Delivery Hero is reportedly engaging JPMorgan and Morgan Stanley for the initial public offering (IPO) of its food delivery service, Talabat. This move indicates the company’s intention to expand its operations in the Middle East and capitalize on the burgeoning online food delivery market. Details regarding the timeline and valuation of the IPO are not yet disclosed, but interest from prominent banks highlights the potential attractiveness of Talabat as an investment opportunity.