Talabat Stumbles Despite UAE’s Top 2024 Listing
Global Finance
DECEMBER 26, 2024
The sale of a 20% stake represents a market capitalization of around $10 billion. This was due to its aggressive pricing, said George Pavel, general manager of trading app Naga Middle East. Investors have been attracted to GCC capital markets amid a dull outlook for IPOs in markets in the US and Europe.
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