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Deliveroo picks London for IPO that values food delivery firm at $7bn

The delivery company is expecting to adopt a time-limited dual class share structure

Food delivery company Deliveroo has chosen London for its initial public offering.

In a 4 March press release, the firm said that it is expecting to adopt a time-limited dual class share structure, common on exchanges in the US, Hong Kong and in Europe. A dual class share structure means founders can keep control of their companies, using shares with greater voting weight.

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