Travis Kalanick’s CloudKitchens Adds Banks to Mideast Unit IPO
CloudKitchens, a startup founded by former Uber CEO Travis Kalanick, is preparing to go public with its Middle Eastern operations. The company has added more banks to the list of underwriters for the initial public offering (IPO). CloudKitchens operates a network of shared kitchen spaces that allow food delivery businesses to operate without the need for a traditional restaurant. The company has been expanding its presence in the Middle East, and the upcoming IPO is expected to raise funds to support this growth. While the details of the IPO, such as the timing and the amount of funds to be raised, have not been disclosed, the addition of more banks to the underwriting team suggests that CloudKitchens is making progress in its plans to go public in the region.
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