Dubai's Careem 'In Early IPO Talks'
Gulf Business|February 2018

Dubai-based ride-hailing app Careem is reportedly in early talks with banks about a potential initial public offering.

Dubai's Careem 'In Early IPO Talks'

Bloomberg cited sources as confirming the start of preliminary discussions by Careem as it prepares to hire financial advisers. The listing could value the firm at $1.5bn and is likely to take place by early 2019 if the talks proceed. Banks have yet to be appointed, according to the report.

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