Delivery Hero AG, the world leader in the delivery of meals online, has finally fixed the issue price of its share to 25.50. The shares of Delivery Hero will be exchanged on the regulated market (Prime Standard) of the Frankfurt stock Exchange from June 30, 2017 under the symbol DHER and the ISIN DE000A2E4K43.
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Niklas Östberg, CEO of Delivery Hero, explains : the introduction of The stock exchange, Delivery Hero is an important step and exciting for us. We will continue our beautiful adventure as a publicly traded company and will seek to build further on our position as the global market leader in the delivery of meals at home.”
Boris Mittermüller, the CEO of Foodora France, says : “The ipo of Delivery Hero is a great news for Foodora, which comes to confirm the leading position of the group. This opening up of capital allows us to go even further in improving our service, while continuing to develop Foodora.”
In total, 18.950.000 new shares from a capital increase, 15 000 000 already existing actions from the holdings of certain shareholders and 5.092.500 shares from the holdings of the Global Online Takeaway Group placed by investors as over-allotment, which will be issued on the stock market. The amount of these emissions, based on the final value per unit 25.50, will amount to approximately 996 million euros. The gross revenues from the introduction of the new securities, will reach for their share of 465 million euros approximately. Following the placement of the shares issued, and assuming that the option Greenshoe is fully activated, this is 27.70% of the shares of Delivery Hero have been placed after the introduction on the stock exchange.
About Foodora
Since its creation in 2014, Foodora transforms the way consumers experience the delivery of restaurants across the globe by delivering delicious dishes in less than 30 minutes. Since 2016, Foodora takes advantage of the operational and financial support of the world leader in the delivery restaurants, Delivery Hero, which employs more than 6,000 people in 40 countries. Valued more than 3 billion euros, Delivery Hero is, by its leading position and its performance, one of the few unicorns in europe. In France, Foodora will operate in the 10 largest cities in the country by mid-2017. With more than 20% growth per week in France, Foodora is the start-up of the most dynamic market of the foodtech.
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