Delivery Hero Prices $1.1 Billion IPO at Top End of Range
- Food delivery startup gains financial flexibility: Analyst
- Shareholder Rocket Internet gains in Frankfurt trading
Rocket Internet CEO on Delivery Hero IPO and Startups
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Delivery Hero AG is set to complete Germany’s biggest tech listing in three years, after pricing the highly awaited 996 million euro ($1.1 billion) initial public offering at the top end of its range.
Delivery Hero set a final offer price of 25.50 euros per share, the Berlin-based company said Thursday, at the ceiling of a range projected as low as 22 euros last week. The startup, which connects customers and restaurants via its apps, will start trading Friday in Frankfurt. The price gives Delivery Hero a market value of about 4.4 billion euros, based on the number of shares to be outstanding after the offering.