Deliveroo is planning to sell around £1bn ($1.39bn, €1.16bn) of new shares in its upcoming major initial public offering (IPO).
The food delivery company said its listing will also include the sale of shares by some existing shareholders, which could potentially make the deal size even higher.
The deal is expected to value the firm upwards of $7bn, based on a private funding round completed in January. This would make it the largest London IPO by market cap since Royal Mail in October 2013.
Deliveroo, which has Amazon as one of its backers, confirmed that it will have two classes of shares, with founder and chief executive Will Shu to be the sole holder of “class B” stock.
This will give each of his shares 20 votes, while all other shares will carry one vote.
This arrangement is set to last for three years.
Dual-class share structures are a common feature of listed technology companies in the US but not so much in London.
At the moment, London-listed companies cannot have a dual-class structure and gain access to the lucrative FTSE indices at the same time.
Although that is set to change if recommendations from a recent listings review are put in place.
Goldman Sachs and JP Morgan are leading the deal, while Bank of America, Citi, Jefferies and Numis are also part of the group of banks managing the transaction.
Alongside Amazon, Deliveroo is also backed by investors including Durable Capital Partners, Fidelity, T. Rowe Price, General Catalyst, Index Ventures and Accel.