Delivery Hero SE’s Middle East unit had demand for all shares in its $1.5 billion Dubai initial public offering minutes after subscriptions opened, in the latest sign of robust demand for regional deals.

or 3.49 billion shares, at 1.50 dirhams ($0.41) to 1.60 dirhams apiece, according to a statement Monday that confirmed a Bloomberg News report. The shares are expected to start trading on the Dubai Financial Market on Dec. 10.

The parent of food delivery app Talabat is anticipated to raise AED5.2 billion to AED5.6 billion ($1.4-$1.5 billion) in gross proceeds from its Dubai Financial Market (DFM) listing. The offer period for more than 3.

Rory McIlroy has capped off a tumultuous year with another win in Dubai and another title as Europe's No. 1 player.

His fourth worldwide win of the season resulted in McIlroy being crowned as Race to Dubai champion for the sixth time.

World number three Rory McIlroy ended the season on a high by winning the DP World Tour Championship in Dubai on Sunday, two strokes ahead of Rasmus Hojgaard, to seal his sixth Race to Dubai title.