The DoorDash of the U.K., Deliveroo, Files for Its IPO
As food delivery continues its popularity surge, British food courier Deliveroo today filed the first paperwork necessary for listing on the London Stock Exchange, The Wall Street Journal reported. The filing doesn't indicate how much money the company is looking to raise, though unnamed sources noted the company's valuation is approximately $10 billion.
Several companies and investment firms are backing Deliveroo, including tech and online retail giant Amazon (NASDAQ: AMZN). A lineup of investment and equity firms is also supporting the delivery service's plan, CNBC reports. The actual IPO will likely occur sometime in March, though no firm date is set at this time.
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Source Fool.com
