Delivery Hero IPO to raise nearly 1 billion euros
Delivery Hero will become the fourth major online food delivery firm to go public in recent years globally, following GrubHub, Just Eat and Takeaway.com, which have all seen their shares soar since listing.
Almost 19 million of the shares to be offered to investors at 22.00 to 25.50 euros apiece will be from a capital increase, Delivery Hero said on Monday.
Fifteen million shares will come from existing shareholders, including German e-commerce investor Rocket Internet. ■