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Home food delivery Postmates revives IPO options amid meals delivery deal growth

Postmates revives IPO options amid meals delivery deal growth

Food delivery company Postmates has quietly revived options for an initial public offering, folks familiar with the make any difference told Reuters on Monday.Postmates confidentially filed its IPO options with the SEC in February 2019, but failed to commence with a stock market debut at that point.But current bargains in the sector, such as Grubhub’s prepared merger with European delivery large Just Try to eat Takeaway, certain Postmates to go in advance with a public presenting.The resources said Postmates could make its IPO registration community as early as July.Pay a visit to Company Insider’s homepage for additional stories.

Postmates has revived plans for an initial public offering next a string of dealmaking in the US on-line food stuff delivery services sector, men and women common with the make any difference said on Monday.Postmates registered its IPO confidentially with the US Securities and Trade Commission in February 2019, but did not commence with a stock market debut. Just Consume’s $7.3 billion offer to get Grubhub earlier this thirty day period, as perfectly as recent fundraisings by friends, convinced it that the time had appear to push forward, the resources said.Postmates could make its IPO registration community as early as July, kicking off what is generally a process long lasting only number of months until it goes general public, the resources claimed, cautioning that the ideas are topic to variations in market conditions.The resources asked for anonymity for the reason that the make any difference is private. Postmates declined to comment.

(Reporting by Joshua Franklin in New York and Anirban Sen in Bangalore Supplemental reporting by Krystal Hu in New York Enhancing by Sandra Maler)


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