German food delivery startup Delivery Hero remains unwilling to rush its long-rumored initial public offering (IPO) plans although the company`s chief executive told CNBC on Tuesday it has the luxury of being able to do so at any time.
Delivery Hero, which is estimated to be valued at around $3 billion, had previously indicated back in 2015 that an IPO could be imminent, yet almost two years later its floatation does not appear to be forthcoming.
In December 2016, Delivery Hero acquired one of its most sought-after competitors Foodpanda, itself a Berlin-based startup, in an attempt to strengthen its global leadership position.
The company now operates in 27 countries with approximately 17 million monthly users yet ?stberg underlined that the food delivery space continued to be a highly competitive market and therefore the online food delivery company must continue to prioritize growth.
When asked whether 2017 could be the year the company goes public, ?stberg refused to speculate on such a possibility.
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