Vorwerk and Rocket Internet-backed meal kit delivery service HelloFresh has priced its shares in the middle of the range at $11.90 and could raise up to $369m.
HelloFresh, a Germany-based meal kit delivery service backed by household appliances supplier Vorwerk, will raise up to €318m ($369m) in an initial public offering on the Frankfurt Stock Exchange, TechCrunch reported yesterday.
HelloFresh has priced shares in the middle of its range at €10.25 ($11.90), valuing the business at approximately €1.7bn. The full $369m amount is dependent on underwriters exercising their greenshoe option to purchase additional shares.
The offering was first reported a month ago, before further details emerged…
