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Delivery Hero IPO to raise nearly 1 billion euros

Staff Writer |
Online food takeaway firm Delivery Hero said it would sell up to 39 million shares in its initial public offering (IPO), raising around 927 million euros ($1.04 billion).

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Delivery Hero will become the fourth major online food delivery firm to go public in recent years globally, following GrubHub, Just Eat and, 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.

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