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Loss-making Deliveroo plans £8.8bn float

The Times Original article ›

Keywords: Deliveroo Float,

LyrArc Article Gist
A company that was close to insolvency in 2020 and which is loss making will be the largest float in the London stock market in 2021. The food delivery app Deliveroo will have a valuation of over $8 billion. It shows how investor capital is being drawn into businesses in a wildly disproportionate way leaving vital sectors such as health infrastructure, national infrastructure and education poorly funded.



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