‘A side of shares’: Deliveroo to offer 50 million pounds of stock to customers
LONDON (Reuters) – Deliveroo said shares worth 50 million pounds ($69 million) might be earmarked for customers in its upcoming flotation, with the offer branded “Great meals with a side of shares”.
The Amazon-backed meals provide company launched plans on Thursday to itemizing in London, with a attainable price of $7 billion making it the biggest market debut in Britain for 3 years.
Founder and chief govt Will Shu said Deliveroo’s customers had supported the company’s progress and he wished to give them the prospect to share throughout the subsequent stage of its journey.
“Far too usually, common individuals are locked out of IPOs, and the one people are the institutional merchants,” he said on Sunday.
“I needed to give as many customers as doable the prospect …