SoftBank-backed US delivery startup Gopuff hires banks for IPO

Photo by Maria Lin Kim on Unsplash

Gopuff, the SoftBank Group Corp-backed delivery startup that was valued at about $15 billion last year, has tapped banks to lead preparations for a U.S. initial public offering (IPO), people familiar with the matter said on Tuesday.

U.S.-based Gopuff, which operates in 1,000 cities in the United States and Europe, is working with Morgan Stanley and Goldman Sachs Group Inc on its planned stock market float, which is expected later this year, the sources said. It also plans to tap other underwriters, including JPMorgan Chase , the sources added.

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