{"id":196801,"date":"2021-03-08T16:24:00","date_gmt":"2021-03-08T13:24:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/amazon-backed-deliveroo-gets-ready-to-test-a-red-hot-global-ipo-market\/"},"modified":"2021-03-08T16:24:00","modified_gmt":"2021-03-08T13:24:00","slug":"amazon-backed-deliveroo-gets-ready-to-test-a-red-hot-global-ipo-market","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/amazon-backed-deliveroo-gets-ready-to-test-a-red-hot-global-ipo-market\/","title":{"rendered":"#\n  Amazon-backed Deliveroo gets ready to test a red-hot global IPO market"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a41754c171f9\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a41754c171f9\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/amazon-backed-deliveroo-gets-ready-to-test-a-red-hot-global-ipo-market\/#Deliveroo_to_reward_busiest_riders_with_bonus_of_13800_in_London_listing\" >Deliveroo to reward busiest riders with bonus of $13,800 in London listing<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/amazon-backed-deliveroo-gets-ready-to-test-a-red-hot-global-ipo-market\/#Lina_Saigol\" >Lina Saigol<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#<br \/>\n  Amazon-backed Deliveroo gets ready to test a red-hot global IPO market<br \/>\n<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"Deliveroo_to_reward_busiest_riders_with_bonus_of_13800_in_London_listing\"><\/span>\n  Deliveroo to reward busiest riders with bonus of $13,800 in London listing<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000191052\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       Amazon-backed food delivery company Deliveroo kicked off its eagerly-anticipated initial public offering in London on Monday, helping to boost government hopes of convincing more fast-growing <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> companies to list on the London Stock Exchange<br \/>\n        LSEG,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/206625606\/delayed\" class=\"negative\">-2.98%<\/bg-quote><span>.<\/span>\n      <\/p>\n<p> London-based Deliveroo, which is 16% owned by online retailer Amazon<br \/>\n        AMZN,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210331248\/composite\" class=\"positive\">+0.77%<\/bg-quote><span>,<\/span><br \/>\n       plans to raise capital by selling new stock, while existing holders also will sell shares, according to a\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.investegate.co.uk\/deliveroo-plc\/rns\/deliveroo-expected-intention-to-float\/202103080700154114R\/\" class=\"icon none\">statement<\/a> that didn\u2019t provide details on the size of the planned offering. The company was valued at more than $7 billion in its latest funding round that completed in January.<\/p>\n<div class=\"paywall\">\n       The filing includes details of a dual-class share structure that would give co-founder and Chief Executive Will Shu 20 votes a share, while all other shareholders will have a single vote for each share. The structure, which is more common in the U.S. where it is used by companies including tech giants Google parent Alphabet<br \/>\n        GOOGL,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/202490156\/composite\" class=\"positive\">+3.10%<\/bg-quote><br \/>\n       and <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Facebook<\/a><br \/>\n        FB,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/205064656\/composite\" class=\"positive\">+2.58%<\/bg-quote><span>,<\/span><br \/>\n       will expire three years after the IPO.<\/p>\n<p>As a result, the stock is ineligible for the LSE\u2019s premium segment and can\u2019t be included in benchmark indexes such as the FTSE 100, despite the expected size of the offering. Shares are expected to start trading in the next few weeks.<\/p>\n<p><strong>Read:<\/strong> London set to overhaul listing rules to attract tech IPOs and cash in on blank-check boom<\/p>\n<p>Deliveroo\u2019s planned offering comes just days after a government-backed report made a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">series<\/a> of sweeping recommendations aimed at <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.gov.uk\/government\/publications\/uk-listings-review\" class=\"icon none\">overhauling <\/a>U.K. listing rules and attracting more tech companies to London to ensure the City doesn\u2019t fall behind key European financial centers like Amsterdam post Brexit.<\/p>\n<p>London accounted for only 5% of global IPOs between 2015 and 2020, according to the review, which was carried out by the former European Union commissioner for financial services,\u00a0Lord Jonathan Hill.<\/p>\n<p>The city\u2019s attractiveness has diminished in recent years, as the U.S. and Hong Kong have captured the majority of demand for tech IPOs. New York\u2019s markets have been buoyed by a surge of special-purpose acquisition companies (SPACs), which raise equity via IPOs and then hunt for private companies to buy or merge with, before taking them public.<\/p>\n<p><strong>Read:<\/strong> Europe\u2019s first U.S.-style blank-check company just landed<\/p>\n<p>These blank-check companies have two years to strike a deal or they have to return the cash, which is held in trust, to their investors. However, under current U.K. rules investors are locked in as soon as a SPAC goes public, deterring many from participating in blank-check companies.<\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<p>Hill\u2019s review recommends that the U.K.\u2019s financial regulator, the Financial Conduct Authority, consults on lifting the suspension requirement. That would bring London more in line with New York.<\/p>\n<p>The U.K. market is on track for a record first quarter in terms of proceeds raised from IPOs, after a series of companies, including cult boot maker Dr. Martens<br \/>\n        DOCS,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/224328095\/delayed\" class=\"negative\">-3.03%<\/bg-quote><br \/>\n       and online greeting-cards retailer Moonpig<br \/>\n        MOON,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/224387775\/delayed\" class=\"negative\">-1.94%<\/bg-quote><span>,<\/span><br \/>\n       made their market debut on the LSE in recent weeks. On Friday, Russia\u2019s biggest dollar-store retailer, Fix Price Group, started trading on the LSE after raising $1.7 billion in an IPO.<\/p>\n<p>\u2018\u2019Deliveroo\u2019s intention to launch onto the London market is the latest in a steady stream of IPOs in the first two months of 2021, but with its unicorn status, it\u2019s likely to be the biggest coup in terms of size. It\u2019s currently valued around \u00a35 billion after it raised \u00a3129 million in investment in January, but is expected to float with a valuation closer to \u00a37 billion,\u201d said Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown. A unicorn is a privately held startup company valued at over $1 billion.<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.investegate.co.uk\/trustpilot-group-plc\/rns\/confirmation-of-intention-to-float\/202103080700154101R\/\" class=\"icon none\">Trustpilot<\/a> joined the growing list of London IPOs on Monday, after the Denmark-based online review platform said it has received commitments from several funds to act as cornerstone investors in its coming offering at a price that values the company at up to $1.4 billion.<\/p>\n<p>Companies like Deliveroo, Trustpilot and Moonpig, have all benefited from surging demand for their services during the COVID-19 pandemic.<\/p>\n<p>In a trading update alongside its IPO circular, Deliveroo said it had grown the total number of transactions processed on its online platform \u2014 the so-called gross transaction value (GTV) \u2014 by 64.3% in 2020 to \u00a34.1 billion, up from \u00a32.5 billion pounds in 2019. The company narrowed its underlying loss over the previous year by 29% to \u00a3233.7 million in 2020.<\/p>\n<p><strong>Read:<\/strong> The pandemic has more than doubled food-delivery <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>s\u2019 business. Now what?<\/p>\n<p>As part of its flotation, Deliveroo also said that riders in its 12 markets \u2014 who have worked with the company for at least a year \u2014 will be paid a bonus of either \u00a310,000, \u00a31,000, \u00a3500 or \u00a3200 depending on the number of orders they have delivered.<\/p>\n<p>It is also reserving \u00a350 million worth of shares for private investors who are also customers of its services. \u201cFar too often normal people are locked out of IPOs, and the only participants are the institutional investors. I wanted to give as many customers as possible the chance to become shareholders,\u201d said Shu.<\/p>\n<p>\u201cWe are pleased to see this offer is not being restricted to institutional investors, unlike many other highly sought after IPOs of recent months. Although it is a little disappointing a wider range of retail investors will not be able to get involved initially, the company clearly wants to give its customers the first chance of owning a slice of the company, in recognition of their support,\u201d Streeter noted.<\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>      <span>By<\/span><\/p>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Lina Saigol\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Lina_Saigol\"><\/span>Lina Saigol<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B21005575-02D4-D4B5-4572-D2EA4CBE7BF7%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Amazon-backed Deliveroo gets ready to test a red-hot global IPO market &#8221; Deliveroo to reward busiest riders with bonus of $13,800 in London listing Amazon-backed food delivery company Deliveroo kicked off its eagerly-anticipated initial public offering in London on Monday, helping to boost government hopes of convincing more fast-growing technology companies to list on&#8230;<\/p>\n","protected":false},"author":1,"featured_media":196802,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-196801","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/196801","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=196801"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/196801\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/196802"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=196801"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=196801"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=196801"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}