Deliveroo confirms IPO Offer Price

The Offer Price has been set at £3.90 per Share, equating to a market capitalisation at Admission of £7.59 billion (excluding any over-allotment shares).

• Commencement of conditional dealings on the London Stock Exchange is expected to take place at 8 a.m. (UKT) on 31 March 2021 under the ticker “ROO” (ISIN: GB00BNC5T391).
• Deliveroo intends to use the net proceeds from the issue of the new Shares to continue to invest in the growth opportunities available:

• Bringing the food category online represents an enormous market opportunity. The way we think about it is simple: there are 21 meal occasions in a week – breakfast, lunch, and dinner – seven days a week. Right now, less than one of those 21 transactions takes place online. We are working to change that.
• We have executed well, from a growth, expansion, and profitability perspective, but we are just truly starting our journey.
• We will continue to invest in the innovations that we believe will further enhance our core marketplace for consumers, restaurants and grocers, and riders, while also continuing to further develop our growth businesses, in particular, Editions, Plus and Signature.

Will Shu, Founder and CEO of Deliveroo, said: 

“I am very proud that Deliveroo is going public in London – our home. As we reach this milestone I want to thank everyone who has helped to build Deliveroo into the company it is today – in particular our restaurants and grocers, riders and customers. In this next phase of our journey as a public company we will continue to invest in the innovations that help restaurants and grocers to grow their businesses, to bring customers more choice than ever before, and to provide riders with more work. Our aim is to build the definitive online food company and we’re very excited about the future ahead.”