Deliveroo launches IPO after business surges in 2020

Delivery firm also narrowed losses last year to €369m

Deliveroo launched in Ireland in 2015 and currently has more than 1,100 self-employed riders across Dublin, Cork, Limerick and Galway.

Food delivery firm Deliveroo announced plans to launch its hotly anticipated London listing today after recording a surge in business during the Covid-19 pandemic, although it still posted a loss for 2020.

The initial public offering (IPO) is expected to value Deliveroo at more than $7bn (€5.89bn), based on a private funding round it completed in January and will be one of the largest London listings in several years.