Delivery Hero wants to issue more shares
Tom Schmidtgen
| 07.01.2021
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 stock had only reached an all-time high on Tuesday. But after the announcement, the price turned negative: up to seven percent slump.
At the turn of the year, Delivery Hero swallowed South Korean competitor Woowa for €3.6 billion(Startbase reported). The owners were largely paid in Delivery Hero shares.
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Startup
2011
Berlin
Delivery Hero
Online food ordering and delivery marketplaces.
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