July 2018

Marley Spoon

Joint Lead Manager (IPO)

Canaccord Genuity acts as Joint Lead Manager to Marley Spoon AG on its A$70 Million Initial Public Offering (“IPO”)

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.