Linklaters advises Talabat on USD 2 billion IPO
Linklaters has advised the underwriters on the initial public offering (IPO) of Talabat, an online delivery service operating in the wider MENA region, and its listing in the UAE on the Dubai Financial Market (DFM), raising US$2 billion in the largest global tech IPO in 2024 to date.
This transaction was priced at the top end of the offer price range, resulting in an implied market capitalization of circa USD 10 billion and marks the first listing of an Abu Dhabi Global Market on the DFM.
Linklaters’ team
The Linklaters Dubai and London-based team was led by partner Jason Manketo (pictured), the global chair of the firm’s equities practice, along with corporate managing associate Patrick Sutton-Mattocks, corporate associate Maxi Neifer, and US corporate finance associate Cassandra Dula.
