Delivery Hero snags highest price for €866m IPO
Delivery Hero, the online food ordering platform backed by Rocket Internet, bagged €866m in its IPO on Wednesday after closing a heavily oversubscribed book.
The Berlin-based firm priced its shares at the top end of the €22-€25.50 launch range. This gives the stock an enterprise value/sales multiple of 7.5 for 2017 and 5.3 for 2018, as well as a market capitalisation of €4.4bn.The issuer sold 33.95m primary and secondary shares ...
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