Muqeem Ahmad, London,

The British Food delivery company, “Deliveroo” claims that it can raise 8.8 billion pound, or $12 billion, from the sale of its shares. This will be the largest amount of initial public offering by any UK company in the last 10 years.

The company says the value is justified in the face of growing business as orders received by it increased by 121% in January and February.

Will Shaw, the company’s founder and chief executive officer, say the food delivery market will continue to grow, because even after the end of the lockdown, the demand for food delivery has increased. Most businesses in the UK and around the world are closed or banned due to the Corona virus. However, the task of bringing cooked food to the doorstep of consumers has become extremely popular and has reached new heights.

If Deliveroo share sales are up according to forecast, it will be easier for the UK government to claim that London is still the most popular place to invest, even after secession from the EU.

This post was originally published on VOSA.