HelloFresh trades up after sale removes Rocket overhang

By Aidan Gregory
14 May 2019

Shares in HelloFresh, the Frankfurt-listed online meal kit delivery company, rose by 2.6% on Tuesday after Rocket Internet sold all its remaining shares in the company in response to a number of reverse inquiries from institutional investors.

Berenberg led the sale, which consisted of 43.7m shares, a 26.5% stake in HelloFresh. At the €8 offer price, the discount was 6.7% to the last market price of HelloFresh before the trade hit screens on Monday evening.

HelloFresh has had a bumpy ride as a public ...

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