Delivery Hero eyes 4.4b euro valuation for IPO

Berlin

DELIVERY Hero AG plans an initial public offering valuing the company at as much as 4.39 billion euros (S$6.8 billion) as the Rocket Internet SE-backed food delivery startup seeks funds for growth.

The company and current owners will sell as much as 996 million euros in stock for 22 euros to 25.50 euros apiece, according to a statement Monday. Rocket Internet, the Berlin-based startup incubator led by chief executive officer Oliver Samwer, owns about 35 per cent of Delivery Hero.