Deliveroo chooses JP Morgan to help prepare London IPO
By Alexander Bueso
Date: Tuesday 03 Nov 2020
(Sharecast News) - Meal delivery giant Deliveroo has given JP Morgan the mandate, alongside Goldman Sachs, to manage its initial public offering, which could be unveiled within months, Sky News's Mark Kleinman reported.
Citing company insiders, Kleinman said that a float on the London Stock Exchange could come as soon as the first quarter of 2021.
Earlier in 2020, the company had pressed the Competition and Markets Authority to approve an investment from Amazon, warning that its prospects as a standalone company were in doubt.
Now, it stands to benefit from further from the month-long lockdown in England and recently said that it would add 15,000 riders by the end of 2020.
Some observers had reportedly already eyed the possibility that an IPO lay ahead after the company's choice of its new finance chief, Adam Miller, a former Experian executive.
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