Deliveroo plans to issue £1bn of new shares in upcoming London float March 15, 2021 Food delivery giant Deliveroo said this morning that it plans to offer around £1bn of new shares in its upcoming London float. The company confirmed that its public listing will also include the sale of shares by certain existing shareholders. Deliveroo further added that it will have two classes of shares, with founder and chief executive Will Shu [...]
Deliveroo transactions surge to £4.1bn ahead of London listing March 8, 2021 The value of transactions made through Deliveroo almost doubled last year due to a surge in demand for takeaway food during the pandemic, the food delivery firm said this morning ahead of its London listing. The firm’s gross transaction value – the total amount of cash it processes on its platform – grew 64 per [...]
Deliveroo offers share hungry investors access to £50m ahead of IPO March 7, 2021 Deliveroo will make £50m of shares available to its customers in its forthcoming IPO as part of a community offer. From tomorrow, any Deliveroo customer who has placed an order with the takeaway service will be able to register their interest in applying for shares in any future floatation via their app. This means that [...]
Screenshot: Will nightclubs really reopen in June? March 5, 2021 This week: **Media Moment of the Week: Telly’s still got welly **Will nightclubs really reopen on 21 June? **The BBC turns back time Media Moment of the Week: Telly’s still got welly In the age of Silicon Valley streaming giants and relentless references to “content” and “eyeballs”, it’s easy to forget that TV can, sometimes, [...]
Deliveroo targets 8 March for bumper IPO kick-off – report February 15, 2021 Deliveroo could kick off proceedings for its highly anticipated London listing as early as next month, Sky News today reported. The food delivery firm is said to be mulling beginning the float process on 8 March – a little over three weeks time. But insiders told Sky that the date was not yet set in [...]
Deliveroo appoints Next boss Simon Wolfson to board January 19, 2021 Deliveroo has appointed Next chief executive Lord Simon Wolfson to its board as a non-executive director. Wolfson, who has led the high street fashion chain since 2001, took up the role this week. It comes as the food delivery platform gears up for what could be the largest initial public offering of the year. Deliveroo [...]
Deliveroo picks banks as it gears up for blockbuster float January 13, 2021 Deliveroo is said to have tapped four investment banks as it prepares for a blockbuster float on the London Stock Exchange this year. The food delivery app has hired Bank of America Merrill Lynch, Citi, Jefferies and Numis to work on an initial public offering that could value it at more than £5bn, Sky News [...]
Deliveroo to roll out to 100 new towns and cities in 2021 January 12, 2021 Deliveroo will expand its service to 100 new towns and cities across the UK in 2021, following increased demand for business in 2020. The towns and cities earmarked for expansion include Yeovil, Bangor (Northern Ireland), East Kilbride, King’s Lynn, Scarborough, Llanelli and Exmouth. The move will mean the takeaway delivery app is available to 4 [...]
Coronavirus helps Deliveroo take home profits in 2020 December 21, 2020 Deliveroo has recorded profits for six months in 2020, with coronavirus helping the business turn the tide on last year’s losses. The last 12 months have marked a year of growth for the food delivery app, following a couple of years of investment that saw losses at the business run into the hundreds of millions. [...]
Deliveroo appoints new chair ahead of rumoured public listing November 25, 2020 Takeaway delivery app Deliveroo has appointed Claudia Arney as the company’s first chair, as the business heads for change in 2021. The move comes as Deliveroo prepares to pursue a rumoured public listing in the coming months. Arney has worked in executive roles primarily focused on building digital businesses including at Pearson, The Financial Times, [...]