Despite the company reducing the initial share price considerably in response to scepticism about the original £8.8bn market capitalisation price, the shares stillIt was one of the biggest first-day falls on record for a large company making its stock market debut – and knocked £2bn off the firm’s.
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Why the wheels came off Deliveroo’s overheated stock market flotationControversial share structures, employment conditions and ambitious valuations made the delivery company’s listing a flop. But all may not be lost… 95% only bad news( deliveroops Interesting to see Flopperoo has put £112,000,000 aside to defend against those employed to do the actual delivery being classified as employees. Technofeudalism needs new measures to end it.
Source: The Guardian - 🏆 84. / 53 Read more »