Delivery Hero Holders Sell Up to $1.4 Billion Stake in Offering
- Group of sellers are offloading 9.8 million shares in the deal
- Company’s stock has risen about 68% in the past 12 months
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A group of Delivery Hero SE’s shareholders are selling a stake in the online food-delivery firm worth as much as 1.2 billion euros ($1.4 billion), cashing in on a strong run in the company’s stock price during the coronavirus pandemic.
Funds managed by Altos, Hillhouse, Goldman Sachs Group Inc., BonAngels, Greenspring and Naver are selling 9.8 million shares, representing 3.9% of the company’s outstanding capital, according to terms seen by Bloomberg. The lockdown winner’s stock has surged about 68% over the past year, amid spikes in Covid-19 infections across Europe.