Delivery Hero to raise €1bn in IPO

Takeaway service Delivery Hero plans to raise almost €1 billion (£875 million) via a stock market flotation that values the company at over €4bn.

The firm will sell 39 million shares at between €22 and €25.5 each. Founded in 2011, Delivery Hero operates in 40 countries across Europe, the Middle East, the Americas and Asia. It says it reaches 2.7 billion consumers.