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Deliveroo IPO: Case Study

Posted: 31 March 2021

In just eight years, Deliveroo has grown from delivering food from three restaurants in Chelsea to delivering in over 800 towns and cities across 12 markets globally. Now its founder Will Shu has taken his company public.

The highlights for UK and European tech company founders:

  •  Multi-billion valuations can be achieved in London, where there is a high level of demand for fast growing technology companies
  •  Founders can stay in control, scaling and growing their company as they transition from private to public 
  •  This is the largest tech company IPO in London by market cap to date

Deliveroo by the numbers

£4.08bn – gross transaction value in 2020

115,000 restaurants and grocers

More than 100,000 riders

Almost one million meals delivered to frontline NHS staff during the pandemic

Under 30 minutes – average time for riders to fulfil an order

£13 billion – estimated size of online home delivery segment in Deliveroo’s current markets

Tech in London 

High-growth tech and consumer internet companies accounted for 40% of the capital raised on London’s markets in 2020. London Stock Exchange is proud to welcome another successful UK tech listing to the Main Market. Deliveroo is the largest tech company IPO in London by market cap, to date and, on a global scale, the largest IPO of an online food delivery business outside of the US.

This is also one of the largest IPOs by market cap of a founder-led UK business. Deliveroo’s listing provides a further demonstration that innovative, ambitious tech companies from around the world are accessing London’s markets to raise their profile, reward employees and investors, and to enable the wider community to share in their future growth. Deliveroo’s community offer, which is being delivered via Primary Bid, is testament to that.

Murray Roos, Group Director of Capital Markets, LSEG

 

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