Deliveroo set for $10.5-billion London IPO

LONDON: Britain’s app-driven food delivery firm Deliveroo is set for London’s largest stock market launch in a decade with a valuation of £7.6 billion, despite mounting criticism over its treatment of riders.

Deliveroo’s initial public offering due Wednesday will be priced at £3.90 per share, a source close to the matter said Tuesday.

That values the Amazon-backed group at the equivalent of €8.9 billion or $10.5 billion.