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Delivery Hero wants to issue more shares

The DAX-listed company plans to issue 9.44 million shares to institutional investors. The share price turns negative.

Tom Schmidtgen · Stuttgart, 07. January 2021

Delivery Hero will 1,25 Milliarden Euro einsammeln. (Foto: Delivery Hero)

The DAX-listed company plans to issue 9.44 million shares to institutional investors. The share price turns negative.

On Wednesday, Delivery Hero announced a capital increase. The start-up wants to issue 9.44 million new shares, but only to institutional investors. That is just under five percent of the share capital. The start-up is hoping for a cash injection of 1.25 billion euros. The money is to be used for "general corporate purposes" as well as for new acquisitions.

The share reached an all-time high on Tuesday. However, after the announcement, the share price plummeted by up to seven percent.

At the turn of the year, Delivery Hero swallowed its South Korean competitor Woowa for 3.6 billion euros(Startbase reported). The owners were largely paid in Delivery Hero shares.

Börse Delivery Hero Woowa

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Startup 2011 Berlin Delivery Hero Online food ordering and delivery marketplaces.

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