Delivery Hero to list Talabat business in Dubai in December


Delivery Heros logo is pictured at the companys headquarters in Berlin Germany August 18 2020. REUTERSFabrizio BenschFile Photo

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

(Reuters) - Talabat, the Middle East business of Delivery Hero, will list on the Dubai Stock Exchange in mid-December, floating 15% of its issued shares, its German parent said on Sunday, in what will be one of the UAE's biggest IPOs this year.

Berlin-based food delivery company Delivery Hero bought a majority stake in Talabat in 2015 and said on Sunday that it would retain a majority stake after the IPO.

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