Amazon-backed food delivery firm Deliveroo picks London for its blockbuster debut
Summary
It went from near failure in 2020 amid a competition review into Amazons minority investment, to operating profitability toward the end of the year thanks to the coronavirus lockdown-driven surge in demand for online takeout services. Deliveroo said it would adopt a dual-class share structure for its market debut, giving its founder and CEO Will Shu enhanced voting rights and therefore more control over the direction of the company. London is a great place to live, work, do business and eat. The news is a boon to Londons stock market, which is looking to attract more high-growth tech firms to compete with New York and the European Union, following Britains withdrawal from the bloc. Amsterdam last month overtook London as the biggest share trading capital in Europe.
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