Click For Photo: http://static6.businessinsider.com/image/59dc72446d80ad1d008b5513-1190-625/meal-kit-startup-hellofresh-is-getting-ready-to-go-public.jpg
German meal kit delivery group HelloFresh, a competitor to U.S. firm Blue Apron, announced plans on Tuesday for an initial public offering (IPO), aiming for €250 million to €300 million ($294-353 million) in proceeds to fund growth.
HelloFresh, which delivers meal ingredients and recipes and is controlled by Rocket Internet, holder of a 53% stake, also said it expected to break even on an operating level (EBITDA) by early 2019.
Listing - Step - Business - Position - Player
"The public listing marks the next logical step to further expand our business, to secure our position as the leading global player and to pursue our long-term growth strategy," Dominik Richter, co-founder and CEO, said in a statement.
Sources told Reuters in May that a...
41 other people are viewing this story
Wake Up To Breaking News!