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Evening Standard
Evening Standard
Business
Simon Hunt

New York listing not on the cards, Deliveroo boss says as it nears profitability

Deliveroo New York Will Shu London Standard Stock Market United States

The boss of Deliveroo has said he is not considering a US listing despite a spate of firms ditching the London stock market for New York or a private equity takeover in search of higher valuations.

Nasdaq-listed delivery rivals like DoorDash and Grab have attracted valuations at higher multiples than London-listed Deliveroo, but CEO Will Shu said the prospect of a higher share price overseas was not on his mind.

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