Deliveroo, the biggest UK listing in a decade, plunged as much as 31% after trading started on Wednesday, dealing a blow to London’s hopes that more technology companies would be lining up to follow suit.
Recent market entrants in Europe include Polish e-commerce logistics firm InPost which debuted strongly in Amsterdam but is now trading 10% below its listing price and online reviews platform Trustpilot which listed in London and fell below its offer price on its second trading day. Cloud platform DigitalOcean sank 12% on its Wall Street debut last week.
Meda said he stayed out of Deliveroo because of valuation and regulatory concerns and blames mis-pricing for the lukewarm performance of some European IPO stocks. A global index of value stocks -- a category comprising banks, travel and energy among others -- has risen 10% this year relative to growth stocks and scored its best quarter in more than a decade.
Ankit Gheedia, BNP Paribas’ head of equity and derivative strategy for Europe reckons the Deliveroo setback won’t derail Europe’s IPO market because investors are sitting on so much cash and authorities are keen to market their local stock exchanges.
Lo cual me parece correcto robertojirusta
you remember we were arguing about this shyt sometime.
Gad dam are all in in that bags good for you.
Ajuste seu comentário, já percebi
There's no money in these delivery companies. I read an article about it I would stay away from all of them except for the biggies… Amazon FedEx and UPS
🤣🤗🤣
Amazon backed Deliveroo's shares slump 40% on London stock market debut .
Or companies that treat their 'employees' like complete dirt...
this looks very very Chinese style
Or treat human beings with respect ✊