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Postmates revives IPO plans amid food delivery deal boom - Business Insider

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Postmates has quietly revived its plans to go public amid a surge of food delivery deals during the pandemic

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Food delivery company Postmates has quietly revived plans for an initial public offering, people familiar with the matter told Reuters on Monday.

Postmates confidentially filed its IPO plans with the SEC in February 2019, but didn't proceed with a stock market debut at that point.with European delivery giant Just Eat Takeaway, convinced Postmates to move ahead with a public offering.Visit Business Insider's homepage for more storiesPostmates has revived plans for an initial public offering following a string of dealmaking in the US online food delivery service sector, people familiar with the matter said on Monday.

Postmates registered its IPO confidentially with the US Securities and Exchange Commission in February 2019, but did not proceed with a stock market debut. Just Eat Takeaway.com'searlier this month, as well as recent fundraisings by peers, convinced it that the time had come to press ahead, the sources said.

Postmates could make its IPO registration public as early as July, kicking off what is typically a process lasting only few weeks until it goes public, the sources said, cautioning that the plans are subject to changes in market conditions.NewsletterSomething is loading.By clicking ‘Sign up’, you agree to receive marketing emails from Business Insider as well as other partner offers and accept our

 

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