Skip to main content


Freshfields advises on Deliveroo IPO

Freshfields Bruckhaus Deringer (‘Freshfields’) has advised Deliveroo, the online food delivery platform that operates in over 500 towns and cities across 12 countries, on its IPO and listing on the London Stock Exchange. 
The £1.5bn IPO comprised an issue of new shares by Deliveroo and a sell-down by existing shareholders at an offer price of £3.90 per share, equating to a market capitalisation of £7.59 bn. Deliveroo also adopted a time-limited US-tech-style dual-class share structure closely aligned with the findings of Lord Hill's UK Listing Review to provide Will Shu, founder and CEO, with the stability to take decisions to enable the company to execute on its long-term strategic vision to create long-term shareholder value.
The Freshfields team was led by partners Mark Austin and Doug Smith, supported by partners David Sonter and Stephen Hewes, counsel Richard Ho and associates Katie Bentel, Akshay Naran, Kehinde Oyebola, Chris James and Ariane Choupo. Incentives and remuneration advice was provided by partner Alice Greenwell, senior associate David Mendel and associates Jia Xie and Bethan Chalmers, intellectual property and data advice was provided by partner Giles Pratt, senior associate Rachael Annear and associates Tochukwu Egenti and Joseph Mason, UK tax advice was provided by partner Peter Clements and associate Yuen Tan, and US tax advice was provided by partner Claude Stansbury and senior associate Karen Kim.
About Freshfields Bruckhaus Deringer LLP
Freshfields Bruckhaus Deringer LLP is a global law firm with a long-standing track record of successfully supporting the world's leading national and multinational corporations, financial institutions and governments on ground-breaking and business-critical mandates. Our 2,800 plus lawyers deliver results worldwide through our own offices and alongside leading local firms. Our commitment, local and multi-national expertise and business know-how means our clients rely on us when it matters most.