‘Gosh, no!’ UK’s Sunak says not embarrassed by Deliveroo IPO | Malay Mail

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LONDON, March 31 — British finance minister Rishi Sunak said he was not embarrassed by the plunge in the shares of Deliveroo in their trading debut today, after he endorsed the company as a British success story. Shares in food delivery service Deliveroo plunged by as much as 30 per cent, slicing...

Britain's Chancellor of the Exchequer Rishi Sunak leaves Downing Street in London February 13, 2020. — Reuters picLONDON, March 31 — British finance minister Rishi Sunak said he was not embarrassed by the plunge in the shares of Deliveroo in their trading debut today, after he endorsed the company as a British success story.

The highly-anticipated listing, the biggest on the London market in a decade, had earlier been hailed by Sunak as a “true British tech success story” that could clear the way for more initial public offerings by technology companies.

 

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