Amazon to have significant 11.5% stake in Deliveroo after looming shares sale

Amazon is set to shed around 23.3 million shares, allowing the tech giant to raise as much as £107m from the deal in which it will cut its existing stake from 15.8%, according to a prospectus published by the company

Amazon raised its stake in Deliveroo last year in a deal that had to be cleared by the UK’s competition watchdog. Picture: Eamonn Farrell/RollingNews.ie

Amazon is cutting its stake in Deliveroo but will still have an 11.5% stake in the looming shares sale by the food delivery firm, according to a prospectus published by the company.

Deliveroo this week began roadshows for a London IPO and set a price range which will give it a market value of between £7.6bn (€8.8bn) and £8.8bn (€10.2bn).