Deliveroo posts narrower 2020 loss ahead of London IPO
IPO is expected to value the online delivery company at more than $7bn and will be the biggest LSE listing since in 2013
08 March 2021 - 17:45
London — Deliveroo officially announced plans to launch what could be the biggest London listing in more than seven years on Monday, after the British food delivery firm's business surged during the Covid-19 pandemic, though it still posted a loss for 2020.
The initial public offering (IPO) is expected to value Deliveroo at more than $7bn, based on a $180m private funding round completed in January with backers including minority shareholder Amazon, the world's most valuable company...
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