Delivery Hero, the German food delivery startup that has recently been valued at $3.1 billion, has pushed back its flotation to the second-half of 2016, the company's chief executive told CNBC.
The company, which delivers food from more than 200,000 restaurants in 34 markets, had previously signalled that an initial public offering (IPO) could come this year, but CEO Niklas Östberg, said there were "too many other things to focus on."
"We won't IPO in next few months. But it's not too wrong to believe that we would go next year, second half of next year," Östberg told CNBC in an interview at the Slush technology conference in Helsinki, Finland.