Food delivery company Deliveroo has provided a market trading update setting its share price in the £3.90 to £4.60 range, which would provide a valuation of between £7.6bn and £8.8bn.

In its statement on 22 March, the company noted its total value of transactions grew 121% year on year. Deliveroo said its offer will consist of 384,615,384 shares for its London Stock Exchange listing. This includes news shares which Deliveroo expects would raise about £1bn.