With $7-bn valuation, Deliveroo to list in London with dual-class structure

The Deliveroo IPO is one of the most eagerly watched-for IPOs expected in London in the first half of 2021

Deliveroo plans a London stock market listing that could value the British food delivery firm at around $7 billion and mark the biggest new share issue in Britain in three years.

It said it will use a dual-class share structure for the first three years of the listing, which will give co-founder and chief executive Will Shu more control over the company.

This means Deliveroo will not initially be eligible for a "premium" listing that would allow it to join the major FTSE indices, although it said in a statement on Thursday it will move to a single structure after