About: http://data.cimple.eu/news-article/d9ce8b772a2432abad419941ba5438fe4bc4f760c34608408be071b9

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About: http://data.cimple.eu/news-article/d9ce8b772a2432abad419941ba5438fe4bc4f760c34608408be071b9 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Takeaway meals app Deliveroo said Monday it slashed its losses last year on booming demand from locked-down customers during the pandemic and confirmed plans for its London stock market listing. The company made an underlying loss of £223.7 million ($309.3 million, 259.5 million euros) in 2020, it said in a statement. However, that marked an improvement from the loss of £317 million the prior year. The total value of transactions rocketed 64 percent to £4.1 billion. Deliveroo last week picked London for its stock market listing, handing a major boost to the capital's financial sector which has been roiled by Brexit. The company on Monday officially announced its "expected intention to list" in an initial public offering (IPO) that will target institutional investors outside the United States. The IPO "will include a community offer in which the company will enable UK-based consumers with a Deliveroo account to apply for shares in the company", it said. A source told AFP that the listing was planned for April. It is not clear what percentage of the group will be floated. Deliveroo confirmed in January that it would target a London IPO after a fundraising round valued the firm at more than $7.0 billion (5.8 billion euros). Since its London launch in 2013, Deliveroo has expanded across Europe, Asia, Australia and the Middle East. More than six million people ordered food and drink every month last year via the 115,000 cafes, restaurants and stores that are listed on its platform. ved-rfj/bcp/bmm
schema:headline	Deliveroo cuts annual loss before London float
schema:mentions	Deliveroo Initial public offering Agence France-Presse Stock market Asia Middle East Brexit London Australia European Union Pandemic United States London stock brick Take-out
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-03-08 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	58 (xsd:integer)

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