Capital News

Hello Fresh: fresh foodstuffs in the stock exchange

Hello Fresh, purveyor of foodstuffs ordered on line is hoping to get a stock market listing before the end of the year, according to Handelsblatt citing a source within the company. Hello Fresh does not provide precooked food but portions of fresh ingredients to make certain set dishes. The start-up with Rocket Internet as its majority shareholder is now selling approximately 4 million portions per month, not only in Germany but in Great Britain, the United States and Benelux, with an annual turnover of 120 million Euros. At the beginning of the year, when Rocket Internet added a further 100 million Euros , bringing its share quota to 42 percent, the company established in 2011 was still worth 624 million Euros . According to an internal source, the company could grow up to approximately one billion Euros.

4SC: financial assistance for research

Biotec concern 4SC AG launched two share capital events to increase its share capital from 10,2 to approximately 19 million Euros. In one event, with the right of option, the Prime Standard-listed company placed a total of 7.25 million Euros worth of new shares at 4 Euros each. The gross revenue of the issue – some 29 million Euros – will be used to fund R & D projects in the field of anti tumour drugs Within the other real share capital increase, 4SC issued 1.5 million shares at 4 Euros each, which will enable it to liquidate a substantial part of a shareholder loan of 6 million Euros.