1096 days ago • Posted by William Ramstein
Deliveroo blames poor IPO debut on volatility, tech rotation and Archegos
Deliveroo went public in London and the stock saw a 30% decline in price. The company however reported a 114% gain in orders in the first quarter from a year earlier. CEO Will Shu blames the volatile climate, the tech rotation and the Archegos Capital blowup.
Source: Bloomberg