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Delivery Hero says prepared for IPO as revenues grow

Staff Writer |
Online food takeaway firm Delivery Hero is ready to sell shares in an initial public offering when the time is right, the chief executive of one of Europe's biggest start-ups said.

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Chief executive Niklas Ostberg made the comments after Delivery Hero said first-quarter revenue rose 68 percent on a like-for-like basis to 121 million euros ($136 million).

"We can go at any point in time if we feel it is the right time," Ostberg told reporters, declining to comment further on timing or valuation.

The weekly Frankfurter Allgemeine Sonntagszeitung reported on Sunday that Delivery Hero was considering a listing this summer and planned to raise more than 1 billion euros.

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