Deals
Delivery Hero Seeks $4.9 Billion Valuation as IPO Price Set
- Stock offered at EU22-EU25.50 in Frankfurt share sale
- Food-delivery startup’s IPO a boon for owner Rocket Internet
What the Amazon Deal Means for Food Delivery Startups
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Delivery Hero AG plans an initial public offering valuing the company at as much as 4.39 billion euros ($4.9 billion) as the Rocket Internet SE-backed food-delivery startup seeks funds for growth.
The company and current owners will sell as much as 996 million euros in stock for 22 euros to 25.50 euros apiece, according to a statement Monday. Rocket Internet, the Berlin-based startup incubator led by Chief Executive Officer Oliver Samwer, owns about 35 percent of Delivery Hero.