Who and how much will earn from the Deliveroo IPO
All about the Deliveroo IPO: facts, numbers, comments and analysis
Deliveroo, the UK food delivery platform, valued the price of the placement of the shares on the London Stock Exchange between 3.90 and 4.60 pounds per share.
After the announcement of the listing in early March , the company founded by Will Shu yesterday announced the price range of the shares.
The group, which experienced an explosion in home deliveries with the lockdown, aims to reach a market capitalization of between 7.6 and 8.8 billion pounds.
It would be the largest IPO on the London Stock Exchange since 2013.
All the details.
THE DELIVEROO IPO IS READY
Deliveroo will ask for the shares to enter the standard listing segment of the FCA's official list and for trading on the London Stock Exchange's main market.
The offering will include the issue of new shares by Deliveroo (expected to raise gross proceeds of approximately £ 1 billion), and the sale of existing shares by some existing shareholders.
THE PRICE RANGE
The UK food delivery platform has set the placement price of its shares between 3.90 and 4.60 pounds per share.
EXPECTED CAPITALIZATION
Deliveroo aims to achieve a market capitalization of up to £ 8.8 billion ($ 12.19 billion) in its upcoming IPO on the London Stock Exchange.
SHAREHOLDERS
Will Shu, the founder of the meal delivery service, aims to gross 6.7 million shares worth up to £ 30 million when the company goes public on April 7. As theGuardian explains, Shu will retain a 6.3% stake, worth around £ 550m. Existing shareholders, including Amazon and private equity firms Bridgepoint, Index and Greenoak, will take in shares worth £ 536 million, according to the group's prospectus released Monday.
ACTIVE SINCE 2013
The company was founded in London in 2013 and is active in over 200 countries and cities across the UK.
It operates internationally in 12 countries, in continental Europe, Asia, Australia and the Middle East.
ALSO CUSTOMERS WILL BE ABLE TO PURCHASE SHARES
The food delivery company will also offer customers who have placed at least one order the opportunity to buy shares in the company, giving priority to those it defines as "loyal" customers. The company has set aside £ 50 million of shares for customer purchase.
THE NUMBERS OF 2020
The announcement of the listing comes after a record year. In the year of the pandemic, it increased its gross transaction value (Gtv) – the total amount of transactions it handles on its platform – by 64%, from £ 2.5 billion in 2019 to £ 4.1 billion. .
GROSS INCOME FROM THE DELIVEROO IPO
Deliveroo hopes to raise gross proceeds of £ 1 billion from its IPO.
STILL LOSS (ALTHOUGH REDUCED)
The group that closed 2020 with a value of transactions up 64% (from 2.5 to 4.1 billion pounds) and a loss down 29.4% (down to 223.7 million from a red 2019 of 317 million pounds) also sees pink for in the future.
BANKRUPTCY ESCAPED
Furthermore, it should not be forgotten that in early 2020 Deliveroo escaped bankruptcy following a competition review in Amazon's minority (16%) investment in the company.
THE OBSTACLES
But the course traced from the listing onwards is not without obstacles for Deliveroo.
Susannah Streeter, of financial advisory firm Hargreaves Lansdown, told the BBC that the employment status of its riders coupled with stiff competition among meal delivery companies are two potential obstacles to the company's prospects. Deliveroo competes with Uber Eats, Just Eat, and many others.
COMPARISONS
Deliveroo has never made a profit since its debut in 2013, it was rated as the British luxury giant Burberry (£ 8.1 billion) but about a third of the national spending leader Ocado (£ 21.4 billion) home.
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/innovazione/chi-e-quanto-guadagnera-dallipo-di-deliveroo/ on Tue, 23 Mar 2021 07:36:38 +0000.