Dominant shareholders have been throwing their weight around the U.K. at the expense of minority investors. Why? Because they can. But they can expect to feel the consequences later. Last month, British technology company Fusionex International Plc said it would de-list its stock from London's Alternative Investment Market. Investors would end up with shares in a private Malaysian company -- hard to trade, and contractually impossible for some U.K. investors to own.
At the middle of the price range, Delivery Hero would be worth 4.1 billion euros. It expects to have a strong net cash position after IPO, having recently raised 387 million euros from South Africa's Naspers Ltd. Assume it would have a few hundred million euros of net cash, then its enterprise value would be a shade below 4 billion euros -- roughly 11 times 2016 sales, a slight discount to Just Eat's equivalent multiple of 12 times and Takeaway.com's 13.
Investors appear to have a limitless appetite for online takeaway companies. Delivery Hero Group's planned 4.4 billion-euro ($4.9 billion) initial public offering, at first glance, threatens some indigestion. The Berlin-based tech group was founded in 2011 to connect customers to takeaway restaurants via the web. As dot-com start-ups go, it's pretty mature.
Muck Rack makes it simple to find people, tweets, or articles that mention any name, keyword, company, hashtag etc. We've compiled this guide to help you make the most of your search.
Selecting a term
Start searching tweets, articles from media outlets, articles mentioned in tweets, journalists'
names, titles and bios with some suggested searches:
Companies or Topics (e.g. iPhone, Microsoft)
Phrases (e.g. "cloud computing") — use quotes to keep the terms together
Twitter handles (e.g. @username) — returns those who have mentioned or replied to
Names (e.g. "David Pogue")
Hashtags (e.g. #sxsw, #london2012)
Bio details (e.g. vegan, Olympics, father)
Muck Rack's Advanced Search allows for many boolean operators.
Find results that mention multiple specified terms, use AND or
+. For example, ensure each result contains both Elon Musk and Mark Zuckerberg by
searching Obama AND Romney or Obama + Romney.
Use the operators OR or , to broaden your search when you'd like either of
multiple terms to appear in results. (This is the default behavior of our search when no operators
are used.) For example, search for democrat OR republican to find results that refer to
Democrats and/or Republicans.
Use NOT or - to subtract results from your search. For
example, searching Disney will yield results about the Walt Disney Company as well as Walt Disney
World Resort. To exclude mentions of Disney World, search for Disney -World or Disney
When using one of these operators with a phrase, enclose it in quotation marks. For example, you can
find results about smartphones excluding Apple's iPhone 4S by searching smartphone -"iPhone
Exact case matching or punctuation
If you're searching for a brand name or keyword that relies on specific punctuation marks or capitalization, you can
find results that match your exact query by adding matchcase: before the keyword you're searching for, like matchcase:E*TRADE .
Use parentheses to separate multiple
boolean phrases. For example, to find journalists talking about having fun in Disney World or
Disneyland, search for ("disney world" OR disneyland) AND fun.
An asterisk can be used to search for any variation of a root word truncated by the asterisk. For example, searching for admin* will return results for administrator, administration, administer, administered, etc.
A near operator is an AND operator where you can control the distance between the words. You can vary the distance the near operation uses by adding a forward slash and number (between 0-99) such as strawberries NEAR/10 "whipped cream", which means the strawberries must exist within 10 words of "whipped cream".