Delivery Hero plans to issue almost $510m of shares in Germany and Luxembourg, while its largest shareholder, Rocket Internet, could sell the same number.
Germany-based, corporate-backed online food ordering service Delivery Hero confirmed yesterday it is preparing for an initial public offering in which it will aim to raise €450m ($507m).
E-commerce holding group Rocket Internet, which owns about 35% of the company, could seek to sell an equal amount of shares, Reuters reported, citing people close to the matter. Reuters also claimed the IPO would value Delivery Hero at up to €4.5bn.
Founded in 2011, Delivery Hero operates an on-demand food ordering service…
