Deliveroo has confirmed its plans to float on the London Stock Exchange and has announced it will sell approximately £1 billion worth of new shares.
The listing is predicted to be the biggest in over seven years.
The company said that the listing will also include the sale of shares by some existing shareholders.
The IPO will include a community offer in which Deliveroo will enable UK-based consumers with an account to apply for shares in the company.
The IPO will value the food delivery giant at $7 billion, despite expectations that will still post a loss of £223.7 million pounds for 2020, a reduction from the £317.3 million 2019.
The news comes after footwear company Dr. Martens and card retailer Moonpig launched IPOs earlier in the year worth £3.7 billion and £1.2 billion respectively, granting the LSE it’s largest first quarter on record.
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Poundland significantly reduces antisocial behaviour, aggression and shoplifting with Motorola Solutions VT100 body cameras
Retail should not be a high-risk occupation. As a company, we are focused on listening to our colleagues and customers to help them with the issues they are facing in-store and so far, the feedback on our body cameras has been excellent. They act as a great visual deterrent, help to de-escalate situations and overall, this project has significantly aided our goal to make the retail environment safer.
For further information on Motorola Solutions’ retail security products, including body cameras, click here.
For further information on Motorola Solutions’ retail security products, including body cameras, click here.
Supplying demand: how fashion retailers can meet the needs of customers and still be sustainable
The fashion industry is no stranger to breaking the mould and setting trends, but the pursuit of style can come at a huge cost to the environment.
New legislation, such as the European Union's Ecodesign for Sustainable Products Regulation, will set mandatory minimums for the inclusion of recycled fibres in textiles, making them longer-lasting and easier to repair.
New legislation, such as the European Union's Ecodesign for Sustainable Products Regulation, will set mandatory minimums for the inclusion of recycled fibres in textiles, making them longer-lasting and easier to repair.
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