32 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

bg_nwsletter