Delivery app Rappi says no action taken regarding eventual IPO

4 weeks ago 23

The logo of Colombian on-demand transportation institution Rappi is seen connected transportation a container successful Mexico City, Mexico August 30, 2019. REUTERS/Henry Romero

BOGOTA, Nov 4 (Reuters) - Delivery app Rappi said connected Thursday it has taken nary enactment yet regarding an eventual archetypal nationalist offering, aft co-founder Juan Pablo Ortega was quoted successful media reports saying the institution would hole listing paperwork successful the archetypal fractional of 2022.

"Regarding the declaration of Juan Pablo Ortega we would similar to clarify that arsenic of today, nary conversations oregon outer actions person been initiated regarding an eventual IPO for Rappi," the SoftBank-backed (9434.T) institution said successful a statement.

"Mr Ortegas's declarations are idiosyncratic feelings that bash not correspond our institution goals, steps, oregon existent infinitesimal of Rappi."

Reporting by Julia Symmes Cobb Editing by Chris Reese

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