Published:
Delivery Hero raises almost €1bn from its initial public offering
The listing is the largest by a European technology business in almost two years. It also holds the fourth place by a food ordering group since 2014, following IPOs by US-based GrubHub, the UK’s Just Eat and Takeaway.com, the market leader in Belgium and the Netherlands.
Delivery Hero, which is based in Berlin, raised almost €1bn from the offering.
On Wednesday, Delivery Hero placed almost 19m new shares and 15m existing shares on the Frankfurt Stock Exchange at €25.50 – the top end of its previously projected range. It also sold a further 5m shares held by Berlin-based technology investor Rocket Internet, giving it a valuation of €4.39bn.
Photo credit: Google Play
