Source: Business Insider
Summary List Placement British food delivery firm Deliveroo is set to go public next month in a highly anticipated listing on the London Stock Exchange. The company on Monday announced a price range of £3.90 to £4.60 per share, as it opened up for orders from investors. That pegs its valuation range from £7.6 billion to £8.8 billion ($10.5 billion to $12 billion). Nearly 400 million shares will be available to investors, in a trade potentially worth £1.5 billion to £1.8 billion ($2 billion to $2.5 billion). Of that, £1 billion ($1.4 billion) will go to Deliveroo, with the remainder going to the shareholders who will sell some of their holdings. Deliveroo’s prospectus, published on Monday , lists out the firm’s biggest shareholders who are set to get rich from its IPO. Insider has calculated the value of each big shareholder’s stake post-IPO on the assumption Deliveroo hits the top end of its price range, so our figures are approximate. Here’s who stands to get rich: Cofounder and CEO Will Shu: $726 million, plus $41 million from a share sale Will Shu is the CEO of Deliveroo, having cofounded the food-delivery firm in 2013 with his childhood friend Greg Orlowski.