Amazon to cut Deliveroo stake to 11.5 percent in London IPO

Amazon is set to shed around 23.3 million shares as part of this, allowing the tech giant to raise between 90.87 million and 107.18 million pounds from the deal. (File/AFP)
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Updated 23 March 2021
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Amazon to cut Deliveroo stake to 11.5 percent in London IPO

  • Amazon raised its stake in Deliveroo to 16 percent last year

LONDON: Amazon.com is to cut its stake in British food delivery company Deliveroo to 11.5 percent in its upcoming initial public offering from 15.8 percent previously, according to a prospectus published by the company.

Deliveroo this week began roadshows for a London IPO and set a price range of between 3.90 and 4.60 pounds per share, which will give it a market value of between 7.6 billion pounds and 8.8 billion pounds ($10.46 billion-$12.11 billion).

This includes the sale of new shares to raise 1 billion pounds and about 128.2 million shares from existing shareholders at the final price.

According to the prospectus, Amazon is set to shed around 23.3 million shares as part of this, allowing the tech giant to raise between 90.87 million and 107.18 million pounds from the deal.

Amazon raised its stake in Deliveroo to 16 percent last year in a deal that had to be cleared by the UK's competition watchdog, and participated in a $180 million private funding round in January that valued the firm at more than $7 billion.


King Abdulaziz Airport among world’s busiest after record-breaking 2025

Updated 02 January 2026
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King Abdulaziz Airport among world’s busiest after record-breaking 2025

RIYADH: King Abdulaziz International Airport has achieved a new historical milestone, reaching 53.4 million passengers in a single year.

This is the highest number ever recorded at a Saudi airport since the beginning of air travel in the Kingdom, placing it among the world’s mega airports in terms of passenger traffic, according to the Saudi Press Agency.

The airport handled a total of 310,000 flights and 60.4 million bags, representing a 12 percent increase compared to 2024. It also handled 9.57 million Zamzam water containers and 2,968 cargo flights. 

This achievement reflects the airport’s qualitative transformation and its position as a regional hub and national gateway connecting the Kingdom to the world. It also highlights its role in facilitating the movement of visitors and pilgrims, promoting tourism in line with the goals of Vision 2030, diversifying the economy, and providing a distinguished travel experience. 

For his part, CEO of Jeddah Airports Co. Mazen Johar, affirmed that reaching 53.4 million passengers confirms the airport’s high operational readiness and represents a pivotal milestone for moving to the next phase, in preparation for doubling this number, God willing, in the coming years. 

He pointed out that this national achievement would not have been possible without the grace of God Almighty, followed by the directives of the wise leadership and the continuous follow-up from the minister of transport and logistics, the president of the General Authority of Civil Aviation, and the CEO of Airports Holding Co. 

He explained that King Abdulaziz International Airport is strengthening its position as a major aviation hub in the region through expansions, increased capacity, and improved services, supporting the objectives of the aviation program and aligning with the goals of the Kingdom’s Vision 2030. 

The CEO of Jeddah Airports Co. expressed his gratitude to the partners in success from various government and private sectors for their fruitful cooperation through a collaborative work system that contributed to providing the best services.