Deliveroo, Backed by Amazon, Could Launch a 2021 IPO
U.K.-based delivery company Deliveroo, which has recently seen major investments from Amazon (NASDAQ: AMZN), might be preparing to launch an initial public offering (IPO) on the stock market in 2021, according to unnamed sources who spoke to several news outlets. According to The Telegraph, Deliveroo has neither confirmed nor denied the information, with a representative responding, "We don't comment on speculation."
The exact value of the company is also uncertain. In 2017, its value was reported to be in excess of $2 billion, according to Bloomberg. But since then, Amazon has made a $575 million investment in the company, giving it a potentially significant stake in the enterprise. The Competition and Markets Authority (CMA) of the U.K. froze the investment but eventually approved it in August, according to The Telegraph.
Image source: Deliveroo.
Source Fool.com
