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Deliveroo could IPO next month


The food delivery app is one of the most hotly anticipated market debuts this year

may publish plans to go public on March 8, meaning the stock could start trading as early as next month.

It isn’t a definitive date yet, so the announcement could be postponed, Sky News reported.

READ: Made.com considers joining IPO bonanza as it explores market listing

The food delivery app is one of the most hotly anticipated IPOs this year, as it looks to tap the market for funds to pursue an expansion strategy and battle its main rivals Uber Eats and NV ().

The app currently boasts around 45,000 restaurants on its platform and recently unveiled plans to expand into 100 more towns and cities across the UK in 2021.

Last month, the British tech unicorn completed a funding round raising over US$180mln, which valued it at US$7bn (£5bn).

Takeaway delivery firms like , Uber Eats, and GrubHub have seen a boom in business during the pandemic as lockdown restrictions forced restaurants to close their doors and left most proprietors relying on takeaway orders to stay afloat.

READ: Kanabo Group, Cornish Metals and Cordiant Digital comprise bumper day for IPOs on LSE

Several companies have recently made plans to float in London, including Beckham-backed cannabis firm and wine seller Virgin Wines, while card retailer Moonpig (), bootmaker Dr Martens () and cannabis vaporiser maker Kanabo Group () have all started trading this month.

It was revealed on Monday that online furniture retailer Made.com is also mulling over a listing.



Read More: Deliveroo could IPO next month

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