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Deliveroo eyes $12 bln market cap in upcoming IPO

LONDON, March 22 (Reuters) - Deliveroo said on Monday that its upcoming initial public offering will value the company at up to 8.8 billion pounds ($12.19 billion).

The British food delivery company said it had set a price range for its listing of between 3.90 and 4.60 pounds per share.

In a short trading update it added that the the total gross transaction value on its platform - which measures the total value of orders it receives - was up 121% in January and February this year compared to the same period in 2020. ($1 = 0.7218 pounds) (Reporting by Rachel Armstrong; Editing by Carolyn Cohn)

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