FRANKFURT, June 6 German online food retailer
Delivery Hero AG on Tuesday said it is preparing a 450 million
euro ($507.15 million) initial public offering on the Frankfurt
Last month Reuters reported Delivery Hero was set to float
before the summer break.
The offering is expected to take place in the coming
months, subject to market conditions, and will consist of newly
issued ordinary registered shares from a capital increase and of
existing ordinary registered shares from the holdings of certain
The company targets gross proceeds of about 450 million
euros from newly issued shares, Delivery Hero said.
As of today, approximately 35 percent of the current share
capital of Delivery Hero is indirectly held by Rocket Internet
SE and approximately 10 percent is held by Naspers, in
each case on an undiluted basis.
Citigroup, Goldman Sachs International and Morgan Stanley
will act as joint global coordinators and joint bookrunners,
Delivery Hero said in a statement on Tuesday.
UniCredit Bank AG, Berenberg, Jefferies and UBS Investment
Bank have been mandated as additional joint bookrunners, the
company further said.
(Reporting by Edward Taylor; Editing by Tom Sims)