Report
Andreas Riemann ...
  • Wim Gille

Delivery Hero : Talabat could be worth >€ 10bn

>The leading delivery platform in MENA - Yesterday, Talabat held a virtual CMD related to the upcoming IPO which we expect to take place in Q4 2024. Talabat started operations in Kuwait in 2004 and is today present in UAE, Kuwait, Qatar, Bahrain, Oman, Jordan, Egypt and Iraq. Major investment highlights include: 1/ Talabat is addressing a large (>70m addressable population) and fast-expanding market with secular tailwinds (9-12% annual market growth until 2029). 2/ Ta...
Underlying
Delivery Hero SE

Delivery Hero SE is a Germany-based company, which is primarily engaged in the food industry. The Company operates as a provider of online food delivery services from restaurants and cafes. The Company offers pizza, burger, organic food, vegan cuisine, and Asian dishes, among others. Its portfolio of brands comprises Foodpanda, Lieferheld, Foodora, PedidosYa, Clickdelivery, Talabat, Yemeksepeti, Donesi, Pauza, Hungerstation, Hellofood, Otlob and others. The Company operates globally, on the territory of more than 40 countries, comprising Europe, the Middle East, North Africa, Asia, and the Americas. The Company's services are available through Web version and mobile application.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Andreas Riemann

Wim Gille

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