Deals
Delivery Hero Gains on First Trading Day in Tech IPO Success
- Shares of food takeout startup rise as much as 8.6 percent
- Listing is "nice example" for German startups: Deutsche Boerse
Delivery Hero Gains on First Day of Trading
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Delivery Hero AG rose as much as 8.6 percent in its first day of trading, giving the Berlin-based takeout company a market capitalization of 4.7 billion euros ($5.3 billion) in a successful debut on the Frankfurt stock exchange.
The food delivery broker, which connects customers and restaurants via its apps, rose as high as 27.70 euros after setting a final offer price of 25.50 euros, the ceiling of its range.