Meal box firm HelloFresh sets IPO price range [Reuters]
Blue Apron Holdings, Inc. (APRN)
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Source: Reuters
Meal box firm HelloFresh sets IPO price range | Reuters Reuters Staff 1 Min Read FRANKFURT (Reuters) - Loss-making German meal kit delivery group HelloFresh is offering shares worth up to 357 million euros ($421 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. ($1 = 0.8487 euros) Reporting by Maria Sheahan, editing by David Evans All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. © 2017 Reut
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