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Delivery Hero targets IPO valuation worth 4-6.5 bln euros-report - Reuters News
05-OCT-2016 13:50:02
** Delivery Hero, in which Rocket Internet RKET.DE has a 37 percent stake, is targeting a valuation of 4-6.5 bln euros in an IPO next year, NGIN Food, a magazine of German start-up news site Gruenderszene, reports, citing internal documents
** Delivery Hero declines to comment
** Rival Takeaway.com TKWY.AS was valued at 993 million euros when it listed on the Amsterdam bourse last week (Full Story)
** Rocket Internet shares rise 4.2 pct by 1146 GMT
** Delivery Hero was valued at 2.89 billion euros ($3.24 billion)at a funding round last December. It said in August it had raised additional capital - a high two-digit million amount - but gave no details on a new valuation
** NGIN says the company was only profitable in Turkey and Scandinavia in 2015, while its Foodora logistics unit lost 16 million euros on a turnover of just 4.5 million.
** The magazine says a new IPO prospectus shows that Rocket Internet invested 768 million euros in Delivery Hero in 2015