Delivery Hero to pursue IPO of Talabat unit in Dubai to raise US$1bil

Delivery Hero's logo is pictured at the company's headquarters in Berlin, Germany, August 18, 2020. REUTERS/Fabrizio Bensch/File Photo

DUBAI: Delivery Hero SE has unveiled plans to list its Talabat unit in Dubai in what could be among the region’s biggest initial public offerings (IPOs) of the year.

The German food delivery firm plans to sell a 15% stake in its Middle Eastern subsidiary, according to a statement on Sunday, retaining a majority interest.