Gibson Dunn, Linklaters Advise on Talabat’s $2BN IPO in World’s Largest Tech IPO of 2024
Talabat’s restaurant, takeaway, and food delivery business is the world’s largest tech IPO this year.
December 02, 2024 at 01:08 PM
2 minute read
Gibson Dunn & Crutcher, Linklaters, and Ibrahim .N. Partners are advising on the $2 billion IPO of UAE online food delivery service Talabat in the world’s largest tech offering this year.
Gibson Dunn is advising Talabat on U.S. and English law, while the United Arab Emirates’ Ibrahim .N. Partners are advising on UAE law. Linklaters is supporting the joint lead managers—Emirates NBD Capital, Abu Dhabi Commercial Bank, EFG Hermes UAE, and First Abu Dhabi Bank—on English, U.S., and Abu Dhabi Global Market (ADGM) free zone law.
The transaction, priced at the top end of the offer price range, resulted in an implied market capitalisation of around $10 billion and marks the first listing of an Abu Dhabi Global Market company on the Dubai Financial Market, Linklaters said in a statement.
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