Deliveroo Holdings is an online food delivery company started in 2013. It is a London- based company founded by William Shu.
The selling price per share of the company is 3.90 pounds to 4.60 pounds. The valuation of the company amounts to 7.6 billion pounds to 8.8 billion pounds
As in the records, it is the largest offer sale in the London Stock Exchange since last September. In case of high demand, the amount can increase by 10%. The total shares offered in the sale are 384.6 million shares.
The aim is to use the proceeds for the growth of the company. The company has successfully managed to arrange for investors to complete the deal within the price range.
The total loss faced by the company was about 223.7 million pounds. Besides, the company stated that it has performance was consistent for more than 6 months in 2020.
The key competitors of the company are Uber Eats and Just Eat Takeaway.
Earlier, this month Deliveroo made an announcement to help restaurants affected by the pandemic rebuild their businesses.
The founder of the company holds 6.1% of the company. The listing will give him voting rights for three years.
Major shareholders are Amazon with a 16% stake, DST Global and Index Ventures having 10% stake each. Additionally, T. Rowe Price Group Inc. is also a shareholder with an 8.1% interest.
The main underwriters for the company are Bank of America Corp., Citigroup Inc., Jefferies, and Numis Securities Ltd. Further, Goldman Sach and JPMorgan Chase will oversee the global public offering.
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