7th Apr 2021 10:13
(Alliance News) - Deliveroo Holdings PLC rallied on Wednesday as shares in the food delivery company began unconditional dealings, following its disappointing stock market flotation last week.
Retail investors are now able to trade Deliveroo shares, following conditional trading that was limited to institutional investors and customers of the business.
Deliveroo received a cold reception from the market last week amid concerns over its lofty valuation, workers rights and its dual-class share structure.
The stock was up 2.1% at 285.82 pence in London on Wednesday, but are down 27% from the initial public offering price of 390p.
By Arvind Bhunjun; [email protected]
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