British food delivery firm Deliveroo announced plans to launch its hotly anticipated London listing on Monday after recording a surge in business during the COVID-19 pandemic, although it still posted a loss for 2020.
The initial public offering is expected to value Deliveroo at more than US$7 billion, based on a private funding round it completed in January, and will be one of the largest London listings in several years.The company published a registration document and an expected"intention to float" - which signals the start of the listing process - on Monday, capping what has been a busy start to the London IPO season.
This means it will have a"standard" listing upon entry into the London Stock Exchange, rather than a premium one, excluding it from the FTSE indices.