Pipeline in peril as Deliveroo disaster wrecks market for IPO hopefuls

By Sam Kerr
31 Mar 2021

The IPO market looked on in despair on Wednesday as Deliveroo, the UK food delivery company, began trading. The stock fell more than 20% in early trading and shell-shocked bankers fear that IPOs planned for after Easter may have to be put on hold. Sam Kerr reports.

As of just before 1pm London time, Deliveroo was trading around £2.82 a share, 27.5% below its £3.90 offer price. While there have been growing fears over the IPO market since last week, the size of the drop was still a surprise.

“Sentiment around deals and sentiment around this ...

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