Business
Disaster strikes as Deliveroo becomes ‘worst IPO in London’s history’ – The Australian Financial Review
The dramatic failure of London’s biggest tech IPO is likely to dampen the hopes of the British government to attract other high-growth companies to list in the…
But others in the market raised questions about the companys roadshow and said Deliveroo had priced its offering badly, especially after encountering a rebellion from several large British fund managers against its dual-class share structure.
Deliveroos advisers, who collected £49m in fees from the company and several million more from Deliveroos selling shareholders, unnerved some buyers by refusing to identify the three anchor investors who they said were supporting the IPO.
I really hope that…
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