Online food delivery firm’s IPO priced at between £3.90 and £4.60 a share, valuing it at £8.8bn

Deliveroo expects its flotation to value the company at up to £8.8bn, putting it on course to be the biggest London stock market debut since Glencore nearly a decade ago.

The meal delivery service, which is backed by Amazon, said in a trading update that it is continuing to benefit from the food home delivery boom during the latest national Covid-19 lockdowns.

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