FTSE 100: Deliveroo targets £8.8bn stock market debut


Deliveroo is targeting the biggest stock market debut in London for seven years as it seeks a valuation as high as £8.8bn.

The food delivery company which has thrived during the pandemic announced it would look to sell shares between 390p and 460p each.

“We are proud to be listing in London, the city where Deliveroo started,” said Will Shu, the company’s founder and chief executive.

The FTSE 100 fell 0.5 per cent on Monday morning after Hong Kong stocks closed lower and fears grew of more lockdowns in some European countries.

France broadened its restrictions last week and Germany plans to extend its lockdown into a fifth month after new cases exceeded levels authorities say could overwhelm hospitals.


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