British meals delivery company Deliveroo, boosted by demand during the coronavirus pandemic, said Sunday it was targeting a stock market listing after a fundraising round valued the company at more than $7.0 billion.
Deliveroo said in a statement that it had raised more than $180 million from its existing investors, “valuing the business at over $7 billion”.
“This investment comes ahead of a potential initial public offering and reflects strong demand… given the significant growth potential in the online food delivery sector in which consumer adoption is accelerating,” it said.
No date was set for the IPO, but Bloomberg News said it was expected in or around April.
London-based Deliveroo