Before the IPO

IG Bank will be offering a ‘grey market’, enabling you to speculate on Deliveroo's share price before it lists.*

With a grey market, you can:

• ‘Buy’ if you think the market cap will go up from the grey market price
• ‘Sell’ if you think the market cap will go down from the grey market price

*The grey market price will be based on our prediction of the Deliveroo market capitalisation at the end of the first trading day.

How has Deliveroo been performing?

Only two years after launching, Deliveroo was already worth almost £500 million. Sales and profit figures increased rapidly in the following years, but losses continue to rise due to its high cost structure and significant investment in expansion. The most recent figures are £476 million in revenue (2019) and £232 million in losses (2018). Before the coronavirus pandemic hit, it was estimated that Deliveroo would contribute around £4 billion in economic output. However, order numbers started to decrease rapidly following national lockdowns and 15% of its workforce had to be laid off. Deliveroo’s latest valuation of more than £1.6 billion is thanks to the extra funding it has received in recent years, which includes the £459 million boost from Amazon in 2019.

Deliveroo has created more than 60,000 jobs and partnered with more than 80,000 restaurants. Headquartered in London, it services the UK, Ireland, France, the Netherlands, Belgium, Spain, Italy, UAE, Kuwait, Singapore, Hong Kong, Taiwan and Australia.

Who are Deliveroo’s competitors?

Deliveroo’s competitors are Uber Eats, Just Eat and City Pantry, to name a few. Deliveroo is the third largest food delivery app in the UK, after Just Eat and Uber Eats. Just Eat held its IPO in April 2014 and was valued at £1.47 billion.

One thing that sets Deliveroo apart from its competitors is its delivery-kitchen concept, called Deliveroo Editions. Through comprehensive data gathering, it has identified gaps in the market and created pop-up restaurants in areas where people are not being serviced.

Deliveroo key personnel

There are six key executives on Deliveroo’s management team, as well as eight members on the board of directors.

Deliveroo management team

Deliveroo board of directors

What was Deliveroo last valued at?

Deliveroo was last valued at £1.6 billion (in 2018). Its most recent investment – £459 million from Amazon – may have given the business the momentum it needs to reach its new valuation target of £4 billion.

Who are Deliveroo’s main investors?

Deliveroo’s main investors are Amazon, T Rowe Price, Fidelity Management and Greenoaks Capital. Others include Index Ventures, DST Global and General Catalyst. Deliveroo has 25 investors in total and has received £1.2 billion in funding to date.