Deliveroo aims for $12 billion market cap in biggest London debut in a decade

A Deliveroo delivery rider cycles in London, Britain, March 8, 2021. REUTERS/Toby Melville/Files

LONDON (Reuters) - Food delivery company Deliveroo could make Britain’s biggest stock market debut since commodities giant Glencore went public nearly a decade ago, after setting a price range on Monday that values it at up to $12 billion.

The Amazon-backed food delivery firm has been held up by the British government as a sign the City of London can still attract major Initial Public Offerings (IPO) following the United Kingdom's exit from the European Union.