Economy Local November 18, 2024

Delfry Hero Plans to Raise $1.5 Billion

Delfry Hero announces its expectations to raise approximately $1.5 billion, equivalent to 5.5 billion dirhams, to expand its operations and investments in the region.


Delfry Hero Plans to Raise $1.5 Billion

The company 'Deliveries Hero' plans to attract around 1.5 billion dollars (5.5 billion dirhams) through its initial public offering (IPO). It is expected to be one of the largest IPOs in the USA in 2021.

Sources close to the company state that 'Deliveries Hero' is in negotiations about the planned IPO with investment banks. Details regarding the timing and other specifics are currently left without comments.

The company 'Deliveries Hero' has declined to provide official statements on this matter. However, internal sources confirm that the IPO preparation process is already actively underway.

The goal of the IPO will be to attract substantial financing, expand the company's business, and strengthen its market position. In the case of a successful public offering, it may significantly increase the capitalization of 'Deliveries Hero' and provide it with additional resources for development.