
Deliveroo flotation price to be at bottom of target range
PA MediaFood delivery business Deliveroo has said it will price shares for its stock market listing towards the bottom of its planned range.Deliveroo now expects to be valued at between £7.6bn and £7.85bn, whereas its original price range had indicated it could be valued at up to £8.8bn.It said it had chosen the lower price due to "volatile" market conditions.Last week, a number of fund managers said they would reject the listing amid concerns over workers' rights.'Significant demand'Deliveroo's planned share sale has attracted much attention as it could be the UK's biggest flotation for a decade.Last week, the company estimated a price range of between £3.90 and £4.60 per share for the float on Wednesday.However, on Monday it trimmed the price range to between £3.90 and £4.10 per share.In...