Deliveroo is to list its shares in London in a move that could reportedly value it at about $7bn (£5bn).

The food delivery firm has seen demand soar in the pandemic, as restaurants forced to close to dine-in customers have signed up to its platform.

Deliveroo, which operators in 12 markets, said it was committed to making the UK its "long-term home". It comes after the government proposed new stock market rules that would benefit start-up technology firms.

These would create two different classes of shares with differential voting rights, giving founders more say in key decisions. The rules - designed to make London a more attractive place to list - would mirror those of the US, but some fear it could create a riskier trading environment.