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Deliveroo shares slump in UK IPO as investor appetite wanes

London | Shares of app-based meal delivery service Deliveroo, which saw its business boosted by pandemic lockdowns, tumbled by as much as a third in their UK stock market debut on Wednesday.

The London-based company’s shares slid even after they were priced at the bottom of the potential range, reflecting investor wariness about whether Deliveroo could turn a profit and broader market turbulence for tech-related stocks.

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    Original URL: https://www.afr.com/link/follow-20180101-p57fr1