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Amazon Looks to Sell $140 Million in Deliveroo Shares in IPO

By Mark Di Stefano
· · Source: The Information

Amazon is among a group of big-name investors looking to quickly cash-in on food and grocery delivery company Deliveroo’s initial public offering next week. In a new filing related to the IPO, Deliveroo said Amazon will sell shares worth about $140 million, which will reduce the internet giant’s 16% stake in the company to 11.5%. That remaining stake stands to be worth more than $1 billion. ...

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