Deliveroo to launch IPO next month

Deliveroo is set to formally announce its intention to float next month, with 8 March as a proposed launch date, Sky News reports. According to Sky, the delivery giant’s initial public offering (IPO), for which it has hired investment banks Bank of America Merrill Lynch, Citi, Jefferies and Numis to work under Goldman Sachs and JP Morgan, could see it gain a market value of up to £7.5bn.