Talabat’s $2 Billion IPO Set to be Largest Tech Offering of 2024

The UAE’s online food delivery giant, Talabat, is preparing for a significant Initial Public Offering (IPO) valued at $2 billion, marking the world’s largest tech IPO of 2024. This substantial offering sees legal titans involved, with Gibson Dunn & Crutcher and Linklaters playing key advisory roles. Gibson Dunn is handling U.S. and English law matters for Talabat, while Ibrahim .N. Partners addresses UAE-related legal aspects. Concurrently, Linklaters provides counsel for the four joint lead managers on various legal fronts, including English, U.S., and Abu Dhabi Global Market (ADGM) free zone law. This IPO underscores the rapidly growing economic importance of the tech sector in global markets.