BREAKING NEWS

BREAKING NEWS

Meal box firm HelloFresh sets IPO price range

Now Reading:

Meal box firm HelloFresh sets IPO price range

Text size Aa Aa

FRANKFURT (Reuters) – Loss-making German meal kit delivery group HelloFresh is offering shares worth up to 357 million euros (£319.3 million) in its stock market flotation, the company said on Sunday. HelloFresh is planning to sell up to about 31 million new shares including an overallotment option for 9 to 11.50 euros apiece, implying a valuation of the company up to 1.5 billion euros excluding debt. HelloFresh, majority owned by German ecommerce investor Rocket Internet <RKET.DE>, decided to go ahead with its renewed listing despite a 50 percent decline in shares in U.S. rival Blue Apron <APRN.N> since the group’s June IPO. It said on Sunday its stock would start trading on the Frankfurt stock exchange on Nov. 2.

(Reporting by Maria Sheahan, editing by David Evans)
euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.