|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||140.00 - 140.00|
|52-week range||117.60 - 171.95|
|Beta (5Y monthly)||0.53|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Shares rose over 3% as unconditional trading began but still remained well below the company's IPO price.
(Bloomberg) -- South Korea’s largest travel app Yanolja Co. is in talks with banks to go public through a dual listing in Seoul and overseas, people with knowledge of the matter said, joining a growing cohort of startups seeking higher valuations abroad.The company is aiming for a value of more than $4 billion, one of the people said, confirming previous reports in Korean media. Yanolja, which is also the world’s largest property management software provider after Oracle Corp., is still exploring options and the size and location of its IPO have not yet been finalized, according to the people, who asked not to be identified as the discussions are private.Read more: Coupang Is Just the Beginning of South Korea’s Startup SurgeYanolja, founded by janitor Lee Su-jin in 2005 originally as a short-stay hotel-booking service, is hoping to tap resurgent interest in Korea’s tech scene. The move comes after e-commerce champion Coupang Inc.’s successful debut on the New York Stock Exchange this month. Its valuation briefly pushed past $100 billion, affirming a belief at home that going public on bigger markets like the U.S. may produce higher valuations.“It is true that we are receiving various requests and offers related to an overseas listing,” Yanolja told Bloomberg News in a statement. “As it could be an opportunity to be recognized as a leading company that has capabilities to manage global business operations and solution technologies, we are open to reviewing an overseas listing along with a domestic IPO.”Recent high-profile startup exits, such as Woowa Brothers Corp.’s $4 billion sale to Delivery Hero SE and Match Group Inc.’s $1.7 billion takeover of Hyperconnect Inc., signaled growing interest among foreign investors in Korea’s tech sector. That’s spurred hopes that startups can tap overseas markets to avoid the so-called Korean discount, which investors apply because of longstanding concerns about governance and transparency in the country.Read more: Love Hotel Janitor Turns Tycoon With Plans to Sweep Away SleazeBacked by Singaporean sovereign wealth fund GIC Pte and Booking Holdings Inc., Yanolja has been expanding its business to include leisure activities and transportation reservations along with hotel bookings. With its acquisition of Indian lodgings management platform eZee Technosys in 2019, the startup says it is now the world’s largest cloud-based hotel management solution provider. The company is expected to report its sales grew in 2020 -- despite the coronavirus outbreak’s effects on the travel industry -- when it reports full-year earnings this month.Yanolja announced in November that it selected Mirae Asset Daewoo Co. as a lead arranger along with Samsung Securities Co. as a co-underwriter with a goal to go public this year. The startup has a Singaporean subsidiary.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
DGAP-News: Delivery Hero SE / Key word(s): Mergers & Acquisitions/Joint Venture03.03.2021 / 08:30 The issuer is solely responsible for the content of this announcement. Following the written decision by the Korea Fair Trade Commission on February 2nd 2021, Delivery Hero has taken all actions to close the transaction in relation to Woowa Brothers Corp., South Korea's largest online food delivery platform As part of the transaction, Delivery Hero and the management of Woowa have entered into a strategic partnership regarding the operations of Delivery Hero and Woowa in the Asia Pacific region Together, Delivery Hero and Woowa will be able to mutually leverage market insights, technology and operational best practicesBerlin, 3 March 2021 - Following the official written decision by the Korea Fair Trade Commission, Delivery Hero SE ("Delivery Hero") yesterday took all actions to close the transaction in relation to Woowa Brothers Corp. ("Woowa"). The Delivery Hero share capital increase and the subsequent admission for trading is pending.Niklas Östberg, CEO and Co-Founder of Delivery Hero, said: "After announcing that we were entering into a strategic partnership with Woowa in December 2019, I am now incredibly excited to start working together. It is an honour to welcome Bongjin Kim and his team to our family of founders and entrepreneurs. He is an exceptional leader with values that closely align with Delivery Hero's. We truly believe that our partnership with the management of Woowa will have a positive impact in Korea and on the global delivery industry as a whole."As part of the transaction, Delivery Hero and the Woowa management are moving into a strategic partnership regarding the operations of both companies in Asia. Together, Delivery Hero and Woowa will be able to mutually leverage market insights, technology and operational best practices.ABOUT DELIVERY HERODelivery Hero is the world's leading local delivery platform, operating its service in more than 40 countries across Asia, Europe, Latin America, the Middle East and North Africa. The company started as a food delivery service in 2011 and today runs its own delivery platform on four continents. Additionally, Delivery Hero is pioneering quick commerce, the next generation of e-commerce, aiming to bring groceries and household goods to customers in under one hour and often in 10-15 minutes. Headquartered in Berlin, Germany, Delivery Hero is listed on the Frankfurt stock exchange since 2017, and became part of the leading index DAX (Deutscher Aktienindex) in 2020. For more information, please visit www.deliveryhero.com.ABOUT WOOWAWoowa operates South Korea's leading online food delivery platform under its brand "Baedal Minjok." Woowa ceaselessly works to innovate the food-tech industry through, amongst others, crowd-sourcing rider systems, robotics technology, and virtual kitchens. Woowa has also launched an instant grocery delivery service called "B Mart", which provides grocery delivery services under 30 minutes. Woowa has operations in South Korea, Vietnam and Japan.MEDIA CONTACT Sigrid Dalberg-KrajewskiSenior Director, Communications+49 170 56 35 email@example.comINVESTOR RELATIONS CONTACTDaniel Fard-YazdaniVP, Head of Investor Relations+49 175 55 26 firstname.lastname@example.orgDISCLAIMERThis release may contain forward looking statements, estimates, opinions and projections with respect to anticipated future performance of Delivery Hero SE ("forward-looking statements"). These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "believes," "estimates," "anticipates," "expects," "intends," "may," "will" or "should" or, in each case, their negative, or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts. Forward-looking statements are based on the current views, expectations and assumptions of the management of Delivery Hero SE and involve significant known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Forward-looking statements should not be read as guarantees of future performance or results and will not necessarily be accurate indications of whether or not such results will be achieved. Any forward-looking statements included herein only speak as at the date of this release. We undertake no obligation, and do not expect to publicly update, or publicly revise, any of the information, forward-looking statements or the conclusions contained herein or to reflect new events or circumstances or to correct any inaccuracies which may become apparent subsequent to the date hereof, whether as a result of new information, future events or otherwise. We accept no liability whatsoever in respect of the achievement of such forward-looking statements and assumptions.03.03.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de Language: English Company: Delivery Hero SE Oranienburger Straße 70 10117 Berlin Germany Phone: +49 (0)30 5444 59 105 Fax: +49 (0)30 5444 59 024 E-mail: email@example.com Internet: www.deliveryhero.com ISIN: DE000A2E4K43 WKN: A2E4K4 Indices: DAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; London, OTC QB, OTC QX, SIX, Vienna Stock Exchange EQS News ID: 1172642 End of News DGAP News Service