LONDON — Deliveroo is planning to raise £1 billion ($1.38 billion) in its initial public offering next month when it is expected to debut on the London Stock Exchange. The food delivery service plans to offer up to 256,456,256 new shares at £3.90 to £4.60 per share, according to the company’s prospectus, which was published Tuesday.
British meal delivery app Deliveroo is aiming for a higher-than-expected valuation of up to £8.8 billion when it launches shortly on the London stock market, the company said Monday following a pandemic-fuelled boom in demand. The Amazon-backed company, in line with other home-delivery firms, says it has seen orders soar in the past year as
Deliveroo today declared it had chosen London for its $7 billion stock market flotation in a major boost to Rishi Sunak’s plan to make the UK more attractive for technologyIPOs. The announcement came just a day after the Chancellor endorsed recommendations for a relaxation on the UK’s stringent stock market rules that are seen as driving technology companies to float in the US, Asia or Amsterdam
Deliveroo has completed a funding round raising a total of over $180MM from existing investors, led by Durable Capital Partners LP and Fidelity Management & Research Company LLC The funding round values Deliveroo at over $7bn The investment will enable Deliveroo to continue investing in developing the best proposition for consumers, riders and restaurants Deliveroo
(Bloomberg) -- U.K. food-delivery startup Deliveroo has begun preliminary talks to explore an initial public offering, people familiar with the matter said. The Amazon.com Inc.-backed company has had discussions with potential advisers regarding the possibility of an IPO in 2021, the people said, asking not to be identified as the talks are private. No final