The British firm plans to sell shares worth as much as £1.77 billion ($3.07 billion) in the offering. It brought in revenue of £1.19 billion last year, on gross transaction value—order payments minus discounts and tips—of £4.08 billion, according to its securities filing. (The Logic)

Talking point: The IPO by Amazon-backed Deliveroo is set to be the largest London debut since Glencore nearly a decade ago. Deliveroo is one of the largest independent food-delivery services standing after a wave of consolidation, including Uber buying Postmates in July 2020 for US$2.65 billion, the US$11.1-billion Just Eat-Thuisbezorgd (JET) merger in July 2019 and the combined firm’s US$7.3-billion acquisition of Grubhub almost a year later. While European giant JET leaves the deliveries to restaurants, Deliveroo is built on a gig-economy model of drivers and cyclists. Governments in some major markets such as Spain are considering labour-law changes to force such platforms to treat workers as employees; Uber has claimed a similar U.K. court decision about its ride-sharing service doesn’t apply to its Eats division.