The announcement that Deliveroo will pursue a London listing in the first half of the year, valuing the food delivery firm at around $10 billion, gave the City a much-needed financial fillip.
Lord Jonathan Hill, who published his review of the UK listings regime last week, said it was “great news” a firm born and bred in Britain had plumped for a domestic stock sale.
But one swallow does not make a summer. In Hill’s recommendations, the British peer and former European commissioner for financial services noted that London accounted for just 5% of global initial public offerings (IPOs) between 2015 and 2020.
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