The British food delivery platform Deliveroo has set a price for its listing on the London Stock Exchange in the low range of its expectations, which values it at 7.6 billion pounds (8.9 billion euros), said Tuesday. to AFP a source close to the group.
Deliveroo has set the price of its IPO at 3.90 pounds per share, according to this source.
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The company is due to take its first steps on the market on Wednesday, with exchanges initially reserved for professionals, before being open to the general public on April 7.
This will be the largest IPO in London since 2011. Asked by AFP, Deliveroo referred to his press release the day before in which he said he had received "
a very important demand from institutions through the planet
”.
The company had, however, had to revise its ambitions downwards, estimating that the price of the operation would be between 3.90 and 4.10 pounds, while it initially aimed up to 4.60 pounds, i.e. a valuation that could have reached 8.8 billion pounds.
The IPO will therefore be carried out below the expectations of Deliveroo, which on Monday evoked the volatility of market conditions.
In addition, tech stocks had a tough session in the US and Europe on Monday, which may have complicated matters.
Read also: The results of Deliveroo boosted by the Covid-19
This operation is also part of a difficult social context for the application of food orders from restaurants.
Its model, which is based on the precariousness of its delivery men, is meeting more and more opposition, between social movements and the doubts of certain large investors.
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