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Screenshot of a breaking news alert e-mail from Q2 2017
Today’s listing of HelloFresh SE (ISIN: DE000A161408) represents yet another company from the Deutsche Börse Venture Network listing on the Frankfurt Stock Exchange’s Prime Standard. The IPO admitted around 31 million new shares to trading. The initial listing price was €10.60; the issue price was €10.25.
Deutsche Bank, J.P. Morgan, Morgan Stanley, Berenberg, BNP Paribas and Rabobank led the IPO. Deutsche Bank is also the designated sponsor for Xetra trading while Baader Bank serves as specialist on Börse Frankfurt.
HelloFresh has been a member of Deutsche Börse Venture Network since March 2016 and after va-Q-tec, Delivery Hero and The Naga Group, is now the fourth company to conduct an IPO on the Frankfurt Stock Exchange. Deutsche Börse’s network currently has more than 450 members. It was founded in 2015 to improve the funding situation of start-ups in Germany. Meanwhile, an increasing number of young European companies are also listed on the platform; more than 50% of investors are foreign.
Following Delivery Hero, HelloFresh is the second company in Rocket Internet’s portfolio to list on the stock exchange and according to company sources is the leading global provider of food boxes. The company was founded in 2011 and currently operates in ten countries: the USA, the UK, Germany, the Netherlands, Belgium, Luxembourg, Australia, Austria, Switzerland and Canada. With over 2,000 employees, HelloFresh delivered a total of 33.7 million meals to some 1.3 million active customers in the second quarter of 2017.