Deliveroo founder Shu to serve up stake in £7.5bn flotation

Deliveroo founder Shu to serve up stake in £7.5bn flotation

Deliveroo's founder is poised to sell millions of pounds-worth of shares in the food delivery app as part of a blockbuster stock market debut that will see him become one of Britain's wealthiest technology entrepreneurs.Sky News has learnt that Will Shu, who launched the company less than a decade ago, is likely to sell a small part of his 6.2% holding in Deliveroo - which in total could be worth in the region of £500m.

People close to the company said this weekend that Mr Shu had yet to make a final decision about the size of any share sale, although one insider suggested it was likely to involve less than £50m of Deliveroo stock.That would represent only a small fraction of Mr Shu's stake.A source close to him said he had sold a small number of his own shares on "more than one" occasion in the past, although