Deliveroo eyes market value of up to £8.8bn in looming London flotation

·1-min read

Deliveroo has revealed that its looming flotation in London will value the company at up to £8.8bn.

The food delivery app said on Monday that it had set a price range for its listing of between £3.90 and £4.60 per share.

The range reflects the prospect of a big appetite for shares in the company, which has benefited from high demand for takeaway meals during the COVID-19 pandemic.

Sky News revealed last night that chief executive Will Shu, who launched the company less than a decade ago, was likely to sell a small part of his 6.2% holding in the flotation in a payday worth millions of pounds.