It's IPO day: shares priced at €23 apiece, valuing company at just under €1 billion

As reported earlier (and discussed on our latest podcast), Dutch food delivery company, owner or brands like, and Lieferando in Germany, is listing its shares publicly on Euronext Amsterdam today.

The company said this morning that its shares had been priced at 23 euros each in its IPO, giving it a market cap of €993 million (approximately $1.1 billion).

The Dutch firm's IPO will raise €328 million euros from the sale of new and pre-existing shares, representing a third of its equity, with 175 million euros coming from new shares. is a leading online food delivery marketplace in continental Europe, with solid market positions in the Netherlands (where it enjoys an estimated market shareof more than 90% in terms of online order value), Germany, Belgium, Austria and Poland. says it plans to spend the money on paying down debt and funding expansion in Germany, where it competes with Delivery Hero and others.

For 2015, recorded total gross merchandise volume (GMV) of €651 million, and revenue of €77 million.

Follow the developments in the technology world. What would you like us to deliver to you?
Your subscription registration has been successfully created.