The British food delivery company Deliveroo has received a proposal from banks to estimate its value at between $7 billion and $8.8 billion in the event of an initial public offering. Bloomberg reported this.
Deliveroo will allow investors to purchase shares at a minimum valuation of the company at $7 billion or at a maximum of $7.8 billion. Existing investors can sell shares for a total of up to $1.3 billion. Deliveroo's revenues increased in 2020 due to the heightened demand for food delivery during the coronavirus pandemic.
"We see that the long-term potential of our business is supported by consumer, restaurant, and courier engagement, and supports our vision of what the future of delivery will look like," commented the event by Deliveroo's General Director Will Shu.
