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Amazon will sell participation in Deliveroo worth up to US $ 148 million in OPI

Amazon.com inc.You could raise up to US $ 148 million selling part of your participation in Deliveroo Holdings PLC in the London Public Office of the Food delivery startup.

Amazon will possess 11.5% deliveroo after its price, below the 15.8% they now have, according to the sales leaflet.That implies that the retailer could sell up to 23.3 million shares, which at $ 4.60 pounds each, the upper limit of the range in which Deliveroo markets the shares, would be worth $ 107 million pounds, according to Bloomberg calculations.

Deliveroo, based in London, began receiving investors orders on Monday at the sale of up to $ 1.77 billion pounds in shares.The company seeks.

INDEX VENTURES, DST, GREENOK, BRIDGEPOINT, ACCEL, are among the other investors selling participations in the OPI.The main American fund companies Fidelity Investments and T.Rowe Price Group Inc.They do not offer actions in the offer, according to the prospect.

Amazon venderá participación en Deliveroo por valor de hasta US8 millones en OPI

The executive director of Deliveroo, Will Shu, plans to sell 6.7 million shares, a small part of his existing shares, valued at $ 30.8 million pounds at the upper end of the price range.

Shu will have 6.3% of the company's price, although the participation will have 57.5% of the Deliveroo Voting Rights because it will be the only owner of class B actions, which have 20 votes each, in front ofone vote each for class A actions.On the third anniversary of the OPI, class B actions will automatically become class A.Deliveroo will give Shu the control of the voting for three years to provide stability to execute long -term plans, said the company.

These dual class structures, which are common in the US.UU.And they allow the founders to maintain control even after an opi, they are subject to debate in London at this time.A report backed by the United Kingdom government this month recommended allowing companies.

Due to this prohibition, Deliveroo is quoted in the standard segment of the LSE, so it is not eligible for indexes such as FTSE 100 despite its expected market capitalization of up to $ 8.800 million pounds.

Adopting two kinds of shares would help the LSE to attract more rapidly growing technology companies, many of which choose to quote in the US.UU.Corporate governance experts disapprove the structure, saying that protections for minority shareholders can weaken.