Delivery Hero prices IPO at top end of range

Mega tech listing: Andreas Harte, a Foodora delivery cyclist, poses in front of Delivery Hero headquarters in Berlin. The company is set to complete Germany’s biggest tech listing in three years, after pricing the highly awaited 996 million euro (US1.1bil) IPO at 25.50 euro per share. – Reuters See page 6

BERLIN: Delivery Hero AG is set to complete Germany’s biggest tech listing in three years, after pricing the highly awaited 996 million-euro (US$1.1bil) initial public offering at the top end of its range.

Delivery Hero set a final offer price of 25.50 euros (US$29.10) per share, the Berlin-based company said, at the ceiling of a range projected as low as 22 euros last week.