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Market Chatter: CloudKitchens Said to Defer Planned Dual Listing in Middle East

MT Newswires·12/17/2025 06:05:10
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06:05 AM EST, 12/17/2025 (MT Newswires) -- CloudKitchens has reportedly postponed its planned initial public offering in Abu Dhabi and Saudi Arabia as it mulls other options, including a potential private placement, Bloomberg News reported Wednesday, citing people familiar with the matter. The ghost kitchen company had previously initiated talks with public-market investors and was looking to conduct a dual listing in the Middle East in 2026, with a potential valuation of $2 billion. CloudKitchens did not immediately respond to a request for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)