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.
Delivery Hero, a Germany-based online food ordering platform backed by corporates Naspers, Tengelman and Rocket Internet, plans to launch an initial public offering, Reuters has reported, citing people close to the matter.
The IPO could value the company at between €3.5bn and €4bn ($3.9bn to $4.5bn) and will take place in Frankfurt. A source told Reuters that up to €1bn of shares could be sold, about half of which would be from existing investors.
The company intends to launch the…
