Amazon-backed Deliveroo seeks valuation of up to $12 billion in its London IPO

British food delivery firm Deliveroo is seeking a valuation of up to £8.8 billion ($12.2 billion) in its upcoming initial public offering in London. The company, which is backed by Amazon, set a price range of between £3.90 and £4.60 per share for its blockbuster IPO, implying an estimated market cap of between £7.6 billion and £8.8 billion.
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