UK food delivery company Deliveroo has said that it plans to sell around GBP 1 billion (approximately $1.39 billion) of new shares in its upcoming initial public offering.
The company, which is backed by Amazon.com, said its listing will also include the sale of shares by some existing shareholders.
Deliveroo confirmed that it will have two classes of shares, with founder and CEO Will Shu being the sole holder of “class B” stock which will give each of his shares 20 votes, whilst all other shares will carry one vote.
The team at Platform Executive hope you have enjoyed this news article. Translation from English to a growing list of other languages via Google Cloud Translation. Initial reporting via our official content partners at Thomson Reuters. Reporting by Rachel Armstrong. Editing by Louise Heavens.
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