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Online delivery service Deliveroo plans billion dollar IPO

The British online delivery service Deliveroo is making progress with its planned IPO in London. The company is offering the shares in a price range of 3.90 to 4.60 British pounds per paper, Deliveroo announced on Monday in London. The company plans to issue up to around 385 million shares. This corresponds to an estimated market capitalization of 7.6 to 8.8 billion pounds, it said.

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