Delivery Hero plans to issue almost $510m of shares in Germany and Luxembourg, while its largest shareholder, Rocket Internet, could sell the same number.

Grail, the Illumina spinout backed by Bristol-Myers Squibb, Celgene, Merck & Co, Johnson & Johnson, Varian, McKesson, Amazon and Tencent, has agreed to merge with Cirina.

The Pfizer and Takeda-backed breast cancer therapy developer has filed to raise $75m in an initial public offering that follows some $130m in equity financing.

CAA Ventures-backed Sprig, an online food delivery service, has wound down.

Nxt-ID has purchased Fit Pay, providing an exit to Giesecke & Devrient.

The deal, valued at up to $14bn, has fallen through after SoftBank failed to secure the backing of enough Intelsat creditors.

The online gaming developer, backed by CyberAgent, has signed a preliminary agreement to float on the US stock exchange.

Microsoft has purchased the cybersecurity company, backed by Hewlett Packard, for $100m.

The on-demand food ordering platform, which raised $423m from Naspers just days ago, is reportedly set to float in Germany this summer at a valuation of up to $4.5bn.