Delivery Hero wins Corporate Finance Award
Yesterday, Delivery Hero was honored with the Börsenzeitung Corporate Finance Award for its IPO in 2017. As the only daily German newspaper focussing on financial markets, the prestigious Börsen-Zeitung has been reporting on listed German companies for more than six decades.
Having performed the largest IPO in 2017, Delivery Hero was the jury’s frontrunner in the IPO category: The company raised c. €1 billion, repaying shareholder loans and carving the path for continued investment in an amazing takeaway experience. No other German company was as successful with their IPO in 2017.
Emmanuel Thomassin, Chief Finance Officer at Delivery Hero, received the coveted award at the Corporate Finance Summit in Frankfurt on 23rd of April. Delivery Hero went public on the Frankfurt stock exchange in June 2017 at an issue price of €25.50. Since then, the share price has increased by more than 50% and the company is growing rapidly; in 2017, revenues have increased by 60% for the full year – 65% on a constant currency basis – to €544.2 million (more information).
Niklas Östberg, CEO at Delivery Hero has no intention of stopping yet: “What matters in the end is that we do a good job – and then the share price follows. Our recent stock market performance is great, however, we are now focused on ensuring that our shareholders will still be happy in five years.”
Find out how Emmanuel Thomassin (CFO at Delivery Hero) experienced the IPO:
About the award
The Corporate Finance Award by Börsen-Zeitung has been honoring German companies for years, celebrating its 8th edition in 2018. The highly sought-after award is given to companies for exceptional achievements according to their strategy and finance. A top-class jury has nominated, evaluated and elected the winners. Besides Delivery Hero, this year’s winners, amongst others, are Daimler, United Internet, and Siemens.