Why the wheels came off Deliveroo’s overheated stock market flotation

  • 📰 The Guardian
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 53%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Controversial share structures, employment conditions and ambitious valuations made the delivery company’s listing a flop. But all may not be lost…

Deliveroo suffered on its first day as a public company meant London had just witnessed the least successful stock market float in its history.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 84. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

The rag salivating. What a laugh

DeliverooSucks

Ahead of the listing, advisers at Goldman Sachs and JPMorgan had valued the food delivery firm at as much as £8.8billion. Maybe, just maybe, those advisers have some responsibilities...

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.

deliveroops

95% only bad news(

South Africa South Africa Latest News, South Africa South Africa Headlines