The first step towards market dominance? Vital takeaways from Deliveroo's IPO

What investors can learn from listing

The Amazon-backed UK food delivery app, Deliveroo is expected to launch its long-awaited IPO today (31 March). In a quickly-expanding market that is brimming with resourceful rivals, could it take its first step towards market dominance by floating on the London Stock Exchange?

Typically, tech flotations can often be found to be making losses at the time of going public, and Deliveroo has been locked in an on-going battle with finding sustainable profitability. In 2019 alone, the company recorded a deficit of more than £300m. However, since that challenging year, Deliveroo has stated that it is become more profitable over a 2020 period punctuated by the Covid-19 pandemic. Prior to this time, the delivery company had been reliant on Amazon's investment.  The pandemic and subsequent series of national lockdowns have played a key role in bringing increased leve...