IPO

Coverage of public listing activity and investor sentiment across the foodservice, hospitality, and F&B sectors. This section reports on upcoming floats, share performance, business valuations, and leadership commentary related to companies preparing for or navigating life on the public markets. Designed for operators, executives, and financial stakeholders, it offers strategic insight into how IPOs affect funding, growth, and visibility within the UK and international hospitality landscape.

  • Sep- 2021 -
    24 September
    RestaurantsTortilla confirms plans to float on AIM and open 45 new sites

    Tortilla confirms plans to float on AIM and open 45 new sites

    Mexican restaurant group, Tortilla, has announced its intention to float on the London Stock Exchange and open 45 new sites. The group said that admission is expected to take place on or around 8 October 2021. The group has 62 sites worldwide, comprising 50 sites in the UK operated by…

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  • Aug- 2021 -
    24 August
    PeopleHawthorn CEO steps down following Admiral sale

    Hawthorn CEO steps down following Admiral sale

    Community pub company Hawthorn has released a statement announcing the departure of Mark Davies as CEO at the group. The move follows the completion of Hawthorn’s acquisition by Admiral Taverns, which saw 674 pubs transferred to now run under the operation of Admiral in a move funded by Proprium Capital…

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  • Apr- 2021 -
    14 April
    Pubs and BarsHawthorn eyes IPO as standalone business

    Hawthorn eyes IPO as standalone business

    Hawthorn, a community pub company, has announced its intentions to list on the London stock exchange as a standalone quoted business. NewRiver REIT, Hawthorn’s owner, claimed that the group’s IPO decision will follow a strategic review that would see the pub group launched as a separate company. Led by Mark…

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  • 7 April
    BusinessDeliveroo shares rise 2% despite riders strike

    Deliveroo shares rise 2% despite riders strike

    Hundreds of Deliveroo riders are expected to strike today for fair pay, and better working rights – as the company saw its shares rise for the first time since its market debut.  The socially distanced protests, which were organised by the Independent Workers’ Union of Great Britain (IWGB), are planned…

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  • Mar- 2021 -
    26 March
    Food and DrinkInvestors shy away from Deliveroo IPO amid wages report

    Investors shy away from Deliveroo IPO amid wages report

    A number of potential investors are reportedly shying away from investing in Deliveroo shares ahead of its stock exchange debut, after a surveyed report claims that a third of its riders were paid less than minimum wage. It comes as the Independent Workers’ Union of Great Britain (IWGB) in conjunction…

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  • 24 March
    Food and DrinkAmazon to reduce Deliveroo stake at IPO

    Amazon to reduce Deliveroo stake at IPO

    Amazon’s stake in Deliveroo will fall to 11.5% following the group’s IPO, according to the IPO prospectus. The fall represents a 4.3% decline from Amazon’s current 15.8% stake, as roughly 23.3 million shares are to be sold, raising between £90.87m and £107.18m. This exit opportunity, alongside a dilution in its…

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  • 22 March
    Apps & Technology
    Deliveroo set for biggest London flotation in 10 years

    Deliveroo set for biggest London flotation in 10 years

    Deliveroo has announced that it is expecting its stock flotation to value the firm at up to £8.8bn, which would make it the biggest London stock market debut in ten years. In a trading update, the food delivery company revealed that it is continuing to benefit from consumers ordering food…

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  • 17 March
    Catering CompaniesSSP to raise £475m from shareholders

    SSP to raise £475m from shareholders

    SSP Group, the airport and railway caterer, has announced its intentions to raise £475m from its shareholders through a fully underwritten 12 for 25 rights issue. The owner of Upper Crust and Camden Food Co has also secured an extension of its bank facilities to January 2024. The measures are…

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  • 16 March
    Pubs and BarsNightcap racks up over £300,000 in lockdown costs

    Nightcap racks up over £300,000 in lockdown costs

    Nightcap has announced that it incurred costs of £318,342 for Q4 of 2020, with the group unable to offset the losses with any turnover. The group, owned by Sarah Willingham, completed its first acquisition of London Cocktail Club (LCC) on 13 January 2021, after the period ended. Therefore, Nightcap acted…

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  • 8 March
    BusinessDeliveroo losses narrow to £233.7m ahead of London float

    Deliveroo losses narrow to £233.7m ahead of London float

    Deliveroo has revealed a narrowing of its losses to £233.7m during 2020 while also confirming its London stock market floatation. The food delivery app gave prospective investors an insight into its financial performance today (8 March,  as part of the launch of its Initial Public Offering (IPO). Its trading update showed…

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