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Deliveroo Kicks Off London IPO, Bolstering Busy U.K. Market

  • Delivery startup to list on LSE with dual-class structure
  • U.K. IPO market is on track for best first quarter in years
Covid-19 Lockdowns Provide Boost For Online Grocery And Takeaway Sales
Photographer: Hollie Adams/Bloomberg
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Food-delivery company Deliveroo kicked off an initial public offering in London that could raise billions of pounds and put the U.K. market on track for its best-ever first quarter.

The startup plans to raise capital by selling new stock, while existing holders also will sell shares, according to a statement Monday that didn’t provide details on the size of the planned offering. The Inc.-backed company was valued at more than $7 billion in its latest funding round.