Delivery Hero picks trio of banks to explore an IPO, may raise up to €1 billion in Q4 2016 listing

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Berlin-based Delivery Hero, the Rocket Internet-backed European online food ordering giant, has contracted Citigroup, Goldman Sachs and Deutsche Bank to advise on a potential public listing later this year, Bloomberg reports.

Though everyone involved is keeping mum on the record, Bloomberg says its sources indicate that Delivery Hero may pursue an IPO in the fourth quarter of this year, with plans to raise as much as €1 billion.

HelloFresh, another Rocket Internet-backed company that delivers ingredients for home-cooked meals, was forced to put is IPO on ice in 2015 because of unfavourable market conditions - and it wasn't the only one.

Let's see if Delivery Hero can successfully complete a rare European tech IPO this year.

Also read:

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HelloFresh becomes the latest European tech company to put its IPO plans on ice

Thoughts from's founder on the online food ordering and delivery space

Rocket Internet says its portfolio value increased by €3.4 billion since its IPO

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