Deliveroo is preparing to list in London with a market value of $ 10 billion

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The takeaway delivery app, Deliveroo, said on Thursday that it has chosen London to list its shares, which represents a major boost for the financial sector in the foggy capital after Brexit.
Deliveroo has seen, in line with other home delivery companies, a rise in demand due to the closures during the Coronavirus pandemic. No date has been set for the initial public offering, while the group could be valued at more than $ 7 billion, while the Financial Times said the company expects a valuation of up to $ 10 billion.
British Finance Minister Rishi Sunak welcomed the announcement, which comes after the financial sector in London, known as “Citi”, recently lost the crown of European shares trading in front of Amsterdam after “Brexit”.
“The United Kingdom is one of the best places in the world to start, grow and list a business – and we are determined to build on this reputation now that we have left the European Union,” Sonak said in the comments included in the “Deliveroo” statement.
Sunak said Prime Minister Boris Johnson’s government “is looking in the meantime for reforms to encourage more high growth and dynamic business for inclusion in the UK.”




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