Shipping Hero Costs Ipo Which Can Enhance Greater Than $1 Billion

Online food takeaway company Delivery Hero priced its initial public offering (IPO) on Monday which could raise it as much as 995.6 million euros ($1.1 billion).
Delivery Hero’s offering will consist of 18,950,000 new ordinary registered shares and of 15,000,000 existing ordinary registered shares from the holdings of certain current shareholders.
Investors may also have access to another 5,092,500 “over-allotment” shares.
Delivery Hero will use the funds to repay loans and to finance the growth and development of its business, it said.
At the mid-point of the price range, gross proceeds from the offering of newly issued shares would amount to approximately 450 million euros.

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