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.

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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