Marley Spoon

Canaccord Genuity is pleased to announce the completion of an initial public offering by Marley Spoon AG (“Marley Spoon”) (ASX.MMM) on ASX. 

The IPO raised gross proceeds of A$70 million at an issue price of A$1.42 per CDI. Canaccord Genuity acted as Joint Lead Manager to the transaction.

Marley Spoon is one of two meal kit providers with a global footprint. Marley Spoon supplies fresh pre-portions ingredients and recipes to customers through a weekly online subscription. Customers can choose recipes from a changing menu providing a convenient, affordable and healthy alternative to ordering take-away or grocery shopping.

Since being founded in 2014 in Germany by Fabian Siegel and Till Neatby, Marley Spoon has served over 14.5 million meals to customers in three regions: Australia, United States and Central Europe.  Marley Spoon had over 111,000 active customers as at 31 March 2018 and has forecast revenue of €93.0m for calendar year 2018.

The Canaccord Genuity team consisted of Alex Unsworth, Jeremy Dunlop, Carl Henschke, Christian Calabrese and Owen Humphries.