London steps up charm offensive for $4 billion Deliveroo listing: sources

LONDON (Reuters) – The London Stock Exchange and British government and banking officials have launched a charm offensive to persuade British online food delivery business Deliveroo to list in London early next year, three sources familiar with the matter told Reuters.

Deliveroo has appointed Goldman Sachs and JPMorgan to manage an initial public offering (IPO) of between 35-40% of the business in the first half of 2021, the sources said. London and New York are the main options for the deal.

The London-based firm could be valued at more than 3 billion pounds ($3.99 billion), the sources added, after a boost from the COVID-19 pandemic when many restaurants turned to Deliveroo for home delivery services.

Deliveroo and JPMorgan declined to comment. The LSE and Goldman did not immediately respond to requests for comment.

Historically, European tech companies such as Spotify have chosen a New York listing to access the world’s

Read More