For the initial public offering, the project representatives chose the London Stock Exchange.
The Deliveroo startup team, in which the Digital Sky Technologies (DST) fund of the Russian billionaire Yuri Milner and Amazon previously invested, plans to receive an estimate of $ 10 billion during the IPO. The Financial Times writes about this, citing sources familiar with the situation.
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- The Deliveroo project team, which focuses on food delivery, is planning an IPO on the London Stock Exchange. The representatives of the startup explained their choice by the fact that the platform offers companies favorable listing rules. Recently, British regulators decided to revise the rules in order to preserve the ability of the founders of the organizations to control the business after going public.
- During 2020, Deliveroo’s estimate increased 32 times – to $ 7 billion. The media drew attention to the fact that the positive dynamics of the startup’s indicators can be explained by the growth in demand for food delivery services during the pandemic.
- According to the Financial Times, the project team calculated an estimate of $ 10 billion based on the upper limit of the range of the estimated share price.
- The placement of a startup, sources of the Financial Times are sure, may become one of the largest for the London Stock Exchange in several years.
Recall that earlier, the Yuri Milner Foundation helped a fintech startup for children to enter the “unicorn club”.