Deliveroo could launch its blockbuster stock market float in as little as three weeks.
The food delivery company is thought to be targeting March 8 for its highly anticipated floatation, as originally reported by Sky News.
Deliveroo is expected to publish an intention-to-float announcement on that date, meaning shares in the company would begin trading by the end of March.
However, insiders told Sky that the date is not set in stone and could change.
Deliveroo’s stock market debut would be one of the biggest London IPOs this year, with the company’s market value estimated at £7.5bn after recently securing a further $180m (£129m) from investors.
The food app has appointed a swathe of banks to aid the IPO process, with Morgan Stanley and Goldman Sachs leading the float.
In preparation for its debut, Deliveroo has made a number of high-profile appointments in the past few months, including Ocado boss Claudia Arney as its chair and Next’s Lord Wolfson as independent director.
Deliveroo has seen its popularity soar in lockdown as customers turned to the app to order food from their favourite restaurants that were forced to close.
Deliveroo now has more than 45,000 restaurants on its app, and has partnered with a number of grocers including Morrisons and Sainsbury’s to offer fast grocery deliveries.
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