Meal delivery service says initial public offering will value company at £7.6bn not £8.8bn
The flotation of Deliveroo on Wednesday will value the company at £7.6bn after concerns over workers’ rights and volatile stock markets chipped more than £1bn off the top-end valuation.
Last week, the meal delivery service said its initial public offering could value the company at as much as £8.8bn. However, on Tuesday the company confirmed its shares had been priced at £3.90, which is the bottom of the range it had set out.
