Deliveroo is targeting a market capitalisation between £7.6bn and £8.8bn for its initial public offering on the London stock market – the largest listing in London in seven years. The company continues benefitting from food deliver boom during the Covid-19 lockdowns and plans to invest in innovation and growth opportunities.
Shares will be prices individually between £3.90 and £4.60 with more than 380millions expected to be sold for a value of £1.6bn at the midpoint (£1bn to be kept within the company itself).
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