Deliveroo’s hotly anticipated IPO to launch next month

Deliveroo’s hotly anticipated IPO is set to start next month in a move expected to raise over £2 billion for the “unicorn”.

According to Sky News, Deliveroo and its advisers plan to officially publish their intention to float announcement on March 8 following months of speculation.

This means Deliveroo could potentially begin trading publicly weeks afterwards, though sources stressed the date remained subject to change.

It comes less than a month after Deliveroo’s market valuation skyrocketed to $7 billion (£5 billion) following its latest $180 million (£132 million) funding round led by key investors including Amazon and Fidelity Management.

READ MORE: Deliveroo sees value rocket to $7 billion as IPO looms

Speculation has been rife about the tech unicorn’s upcoming float since it hired Goldman Sachs to start working on plans to take it public in October 2020.

In November, it was revealed that Deliveroo was appointing retail heavyweight Claudia Arney to its board, suggesting it could seek a premium listing on the London Stock Exchange, making it eligible for inclusion in the blue-chip indices.

While grocery delivery was a fledgling service for Deliveroo at the beginning of last year, the pandemic has seen it sign 36 deals with major retailers including Aldi and Waitrose, helping it double its revenues since the start of the pandemic.

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Delivery / Supply Chain

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