Each of the investment firms cited concerns about the gig economy in which Deliveroo operates. The company's turquoise-uniformed couriers have become ubiquitous in London and other cities during the coronavirus pandemic, as people turned to food delivery apps for their groceries.next Wednesday once its IPO opens up to retail traders, to protest what they see as poor working conditions and low pay.
Meanwhile, institutional shareholders have also raised concerns with Deliveroo's governance. The company is listing in London with a dual-share class structure, which gives Shu over 50% of the voting rights.Deliveroo's IPO will be a test of London's tolerance for high-growth tech companies that spend heavily on growing at scale before prioritizing profits.
But U.K. investors are worried by Deliveroo's lofty £7.6 billion valuation, especially at a time when vaccines are being rolled out and countries are plotting a reopening of their economies. DoorDash, a U.S. rival to Deliveroo that went public last year, has a significantly higher market cap of around $42 billion.early last year as an investment from Amazon, its largest outside shareholder, was put on hold amid a competition review.
Investors! There is only ONE the most important thing you need to know about StockMarket - WE ARE IN THE BIGGEST STOCKMARKET BUBBLE IN HISTORY!!! 196% Ratio of StockMarket CAP to GDP!!! SIGNIFICANTLY OVERVALUED!!! DON'T LOSE YOUR MONEY!!!
WallStreet 'advisers' and mass media: CNBC, Bloomberg have to be very proud for luring clueless retail 'investors' into the biggest StockMarket BUBBLE in history! This is what they are paid for by big corporations - turning retail investors into bagholders!
Deliveroo=Tchnology? Lächerlich! Sklavenbetrieb! Nach Covid ist Ende der Fahnenstange! Milliarden werden vernichtet mit Deliveroo!
I wouldn't buy this stock but praise these saints who will grudgingly bring you deep-fried halloumi on their sweaty bikes when you're too drunk to walk down the street. $ROO