Amazon-backed Deliveroo picks London for IPO
Deliveroo says it'll go public with a dual-class share structure, benefiting from London's reformed listing rules
04 March 2021 - 17:36
London — Deliveroo is planning an initial public offering (IPO) in London as the UK prepares to reform listing rules that would allow the company to have a dual-class share structure.
The share structure, which typically gives founders a greater say in shareholder votes, will provide CEO Will Shu with the “stability” to execute long-term plans, the food-delivery company said in a statement on Thursday. The dual-class set-up will last for three years...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.