British meal delivery Deliveroo wants to raise £ 1 billion, or nearly € 1.2 billion, by selling new shares at the London Stock Exchange. The exact date of the IPO is not yet known.

In addition to the sale of new shares, existing shareholders will also sell pieces. There are no details of this yet. Deliveroo was valued at more than $ 7 billion by investors in a finance round in January. This has led to a significant increase in the value of the company in a few years. In 2017, Just Eat Takeaway, the parent company of Thuisbezorgd.nl another $ 2 billion price tag.

In the UK, Deliveroo started a shopping service last year and has since grown rapidly due to the coronavirus crisis. The lockdowns also do good business with meal delivery. Last year, Amazon also took a large minority stake in Deliveroo.

Deliveroo, which was founded in 2013, will have a so-called ‘dual class’ share structure on the stock market listing, with the founders having more control over voting than other shareholders. According to Deliveroo’s CEO and co-founder Will Shu, this will provide more stability in the implementation of the plans for the longer term.