Investors in HelloFresh block make immediate gains

HelloFresh_PA_230x150
By Sam Kerr
17 May 2018

A block in HelloFresh, the German meal kit delivery company, sold quickly after market close on Wednesday night, with investors already enjoying a 9% rise in the stock price.

Shares in HelloFresh were trading at €12 as of 3pm UK time, up from the block price of €11. Berenberg was the sole bookrunner on the deal.

A source close to the transaction said that there was a small wall-crossing exercise before the launch of the block trade ...

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