Deliveroo Set for Biggest U.K. Share Listing in Almost 10 Years
Targeting a valuation of up to £8.8 billion ($12.2 billion USD).
After announcing its intentions to list on the London stock market earlier this month, online takeaway service Deliveroo has targeted a valuation of up to £8.8 billion ($12.2 billion USD).
The firm — who are backed by Amazon — is slated to be selling shares between 390p and 460p in a move that will see it become the biggest U.K. share listing debut since mining company Glencore floated back in 2011.
Takeaway services like Deliveroo are one of a handful of sectors to have flourished since the start of the Coronavirus pandemic.
According to The Guardian, the total value of Deliveroo transactions increased by 130% year-on-year in the U.K. and Ireland, while orders had more than doubled in January and February in 2021 compared to last year.
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