DUBAI, Nov 11 (Reuters) - Talabat Holding plans to sell

3.49 billion shares amounting to a 15% stake through an initial

public offering (IPO) in Dubai, the Middle East business of

Delivery Hero said on Monday, in a deal seen as one of

the biggest listings this year in the United Arab Emirates.

The share sale in the Dubai-based Talabat, which runs one of

the Middle East's largest food ordering businesses, will run

from Nov. 19-27 for UAE retail investors and on Nov. 28 for

professional investors.

Berlin-based Delivery Hero, which bought a majority stake in

Talabat in 2015, said on Sunday it would retain a majority stake

after the IPO.

Talabat has hired Emirates NBD Capital PSC, J.P. Morgan

Securities PLC and Morgan Stanley & Co International PLC as

joint global coordinators and joint book-runners and expects to

start trading on the Dubai Financial Market (DFM) on or around

Dec. 10.

The company could sell stock worth more than $1 billion,

Reuters reported earlier this month.

Founded in 2004 in Kuwait, Talabat has expanded to serve

customers in the UAE, Oman, Qatar, Bahrain, Jordan, Iraq and

Egypt, with over six million active customers as of the end of

July, according to company data.