Delivery Hero prices IPO at EUR22 per share

Delivery Hero

Rocket Internet’s Delivery Hero said it has set the price range for its planned initial public offering at EUR 22.00 to EUR25.50 per share.

It would be recalled that Delivery had earlier announced this month that it will go on an IPO. The pricing The Offering is subject to the approval of the prospectus by the German Federal Financial Supervisory Authority (BaFin) and its publication.

In a statement issued by Delivery Hero, the final offer price will be determined by way of a bookbuilding process.

Trading in the Company’s shares on the regulated market of the Frankfurt Stock Exchange is expected to commence on 30 June 2017 under the trading symbol DHER and the ISIN DE000A2E4K43.

Niklas Östberg, CEO of Delivery Hero, said: “The expected launch of our IPO is an important and exciting next step for us. We will continue our successful journey as a listed company and will seek to further expand our global leadership
position in the online food ordering and delivery market.”

Delivery Hero disclosed that Citigroup, Goldman Sachs International and Morgan Stanley are acting as Joint Global Coordinators and Joint Bookrunners. UniCredit Bank AG, Berenberg, Jefferies and UBS Investment Bank have been mandated as additional Joint Bookrunners.

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