Home Business Postmates has quietly revived its plans to go public amid a surge...

Postmates has quietly revived its plans to go public amid a surge of food delivery deals during the pandemic




  • Meals supply firm Postmates has quietly revived plans for an preliminary public providing, individuals conversant in the matter advised Reuters on Monday.
  • Postmates confidentially filed its IPO plans with the SEC in February 2019, however did not proceed with a inventory market debut at that time.
  • However current offers within the trade, together with Grubhub’s planned merger with European supply large Simply Eat Takeaway, satisfied Postmates to maneuver forward with a public providing.
  • The sources mentioned Postmates might make its IPO registration public as early as July.
  • Visit Business Insider’s homepage for more stories.

Postmates has revived plans for an preliminary public providing following a string of dealmaking within the US on-line meals supply service sector, individuals conversant in the matter mentioned on Monday.




Postmates registered its IPO confidentially with the US Securities and Trade Fee in February 2019, however didn’t proceed with a inventory market debut. Simply Eat Takeaway.com’s $7.3 billion deal to acquire Grubhub earlier this month, in addition to current fundraisings by friends, satisfied it that the time had come to press forward, the sources mentioned.

Postmates might make its IPO registration public as early as July, kicking off what is usually a course of lasting solely few weeks till it goes public, the sources mentioned, cautioning that the plans are topic to adjustments in market situations.

The sources requested anonymity as a result of the matter is confidential. Postmates declined to remark.




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

Source link




LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Will Smith Explains Why He Felt He Needed To Speak Out About Jada Pinkett Smith’s Affair

Of course, this past week, Jada Pinkett Smith, with her husband present, confirmed that she was involved in an “entanglement” with August Alsina. During...

Heather Morris Asks Police to Join Search for Her Glee Co-Star Naya Rivera – E! Online

Heather Morris wants to lend a helping hand.On Saturday night, the Glee alum reached out to the Ventura County Sheriff's Office and offered her services. She asked authorities...

Korver to wear ‘Black Lives Matter’ on jersey

For Kyle Korver, choosing a social justice message to use on the back of his Milwaukee Bucks jersey was simple. The white male who...