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. The listing will provide a much-needed boost to struggling Rocket Internet, which holds a 35 percent stake in Delivery Hero, making it the biggest holding in its portfolio.
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. The listing will provide a much-needed boost to struggling Rocket Internet, which holds a 35 percent stake in Delivery Hero, making it the biggest holding in its portfolio.