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Deliveroo annual losses narrow ahead of London IPO

Mon, 8th Mar 2021

Online food delivery platform Deliveroo reported narrower losses ahead of its floatation on the London Stock Exchange. In 2020, underlying adjusted losses before taxes, depreciation, and amortisation, or LBITDA, was £9.6 million and an underlying loss for the year was £223.7 million, compared to underlying adjusted LBITDA of £231.6 million and an underlying loss for the year of £317.3 million in 2019. The company said it would offer customers to participate in its initial public offering. '[W]e are planning to take Deliveroo public here in London, the city where it all started - and we plan to offer our customers across the UK the chance to own a part of the business.' Story provided by StockMarketWire.com

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