Skip to content
Subscriber Only
Technology
Deals

HelloFresh Aims for $1.8 Billion IPO Valuation

  • Meal-kit startup sets 9-11.50 euro price range for share sale
  • Share sale comes as rival Blue Apron continues to struggle
Video player cover image

HelloFresh Targets $1.8 Billion Valuation in IPO

By

Updated on

HelloFresh, the meal-kit startup backed by Rocket Internet SE, is targeting a market valuation of as much as 1.5 billion euros ($1.8 billion) in an initial public offering this week, the company said in a statement Sunday.

The company, which sells meal kits in 10 markets and remains unprofitable, set a price range of 9 to 11.50 euros a share. It’s looking to raise 243 million to 311 million euros to invest in expanding its business. The shares are expected to start trading in Frankfurt Nov. 2.