Major listing: A Deliveroo cyclist checks his phone in London. Deliveroo is an important deal for the city, which is working hard to boost its credentials as a listing venue for tech companies that can compete with heavyweights New York and Hong Kong. — Bloomberg
LONDON: Food-delivery startup Deliveroo Holdings Plc and certain holders raised £1.5bil (US$2.1bil or RM8.73bil) in an initial public offering (IPO) that has been shrouded in controversy, putting pressure on London’s efforts to boost its profile as a technology and listings hub post-Brexit.
The IPO priced at 390 pence a share, the bottom end of an initial range, according to a statement yesterday.
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