An estimated 70,000 retail investors see value of their investments fall as takeaway food firm’s IPO ‘falls flat on its face’
Shares in Deliveroo slumped by more than 30% on the takeaway food firm’s stock market debut, as the eagerly anticipated float turned sour for an army of retail investors.
The company, which has been urging customers to buy shares via its app, had already set its float price at the lowest end of a range initially set between £3.90 and £4.60, the difference between a valuation of £7.6bn and £8.8bn.
