Deliveroo enters IPO talks

Deliveroo has begun preliminary talks to explore an initial public offering (IPO), Bloomberg reports.

The delivery giant is said to have entered into discussions with potential advisers regarding the possibility of an IPO next year.

According to Bloomberg’s source, no final decisions have been made and the amazon-backed brand could still decide against the listing plans.

A Deliveroo spokesperson said: “We don’t comment on speculation.”

Last month, Amazon’s $557m (£423m) investment in the business, to buy 16%, was approved by the CMA, 15 months after the deal was first announced.

The business was valued at more than $2bn at its fundraise in 2017 but has provided no update on its valuation after Amazon declared its intention to invest.