Deliveroo kicks off UK’s largest IPO in 2021

Deliveroo kicks off UK’s largest IPO in 2021 written by Bella Palmer deliveroo The Food-delivery startup is selling shares at 3.90 pounds to 4.60 pounds apiece, valuing the company at 7.6 billion pounds to 8.8 billion pounds Food-delivery startup Deliveroo Holdings Plc started taking investor orders in a share sale of as much as 1.77 billion pounds ($2.45 billion), marking the largest initial public offering (IPO) in the U.K. since September. Deliveroo is selling shares at 3.90 pounds to 4.60 pounds apiece, according to a statement Monday, valuing the company at 7.6 billion pounds to 8.8 billion pounds. The offering is the biggest float on the London Stock Exchange since THG Plc’s 1.88 billion-pound offering in September, according to data compiled by Bloomberg. The company will take investor orders through March 30, with the stock set to start trading a day after, according to terms seen by Bloomberg News.

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Main category: Business

Sub category: Financial Services

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Added: 03-12-2021