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What's on this page?
What's on this page?
- When did the Deliveroo IPO happen?
- How to trade the Deliveroo IPO after the listing?
- Trade in similar stocks today
- What is Deliveroo’s business model?
- Our analysis on the Deliveroo IPO
- How has Deliveroo been performing?
- Who are Deliveroo’s competitors?
- Deliveroo key personnel
- Who are Deliveroo’s main investors?
- How do IPOs work?
When did the Deliveroo IPO happen?
The Deliveroo IPO happened on 31 March 2021. You can trade in the shares on the secondary market.
Trade in similar stocks today
If you want to get exposure to other companies in the food delivery industry right now, you can choose between stocks such as Uber, Delivery Hero and Just Eat.
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What is Deliveroo’s business model?
Deliveroo is a food delivery app and website developed to help individuals or companies order their favourite meals to their doorstep. Users can look up and order from restaurants on Deliveroo based on their location.
Payment can be made on the platform in under a minute. Once the order is placed, the restaurant is notified, and the user can track the progress of their order. Delivery is made by Deliveroo riders on bicycles, who stay stationed within 2.2 kilometres of the restaurants they sign up for. Deliveroo aims to deliver in under 30 minutes.
How has Deliveroo been performing?
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 funding in recent years has included a £459 million boost from Amazon in 2019. After Deliveroo’s latest fundraising round (January 2021), the company’s market cap was estimated at £7.5 billion.
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 Takeaway 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 five key executives on Deliveroo’s management team, as well as four members on the board of directors.
Deliveroo management team
|Will Shu||Co-founder and chief executive officer|
|Adam Miller||Chief finance officer|
|Dan Winn||Chief technology officer|
|Rohan Pradhan||Chief operating officer|
|Patrick Wyatt||VP product|
|Vince Darley||VP growth|
Deliveroo board of directors
|Martin Mignot||Board member|
|Benny Peretz||Board member|
|Adam Valkin||Board member|
|Darrel Cavens||Board member|
|Luciana Lixandru||Board member|
|Fred Destin||Board member|
|Antoine Froger||Board member|
|Claudia Arney||Board member|
|Simon Wolfson||Board member|
|Danny Rimer||Board member|
How do IPOs work?
IPOs are released when a company decides to start selling its shares to the public. The company will decide how many shares it wants to offer, and the investment bank will decide on the initial price of the stocks based on supply and demand.
1Based on revenue excluding FX (published half yearly financial statements, June 2020).