Discussion

• @atbwebb Alex Webb on x

  A thread on how Deliveroo, the posterchild for the London tech scene, managed to fluff its IPO so badly. It was supposed to show why London is a founder-friendly place to list. But everyone seemed to forget that you also need investors on board.🤑🤑1/ https://www.bloomberg.com/...

• @demarionunn Jonathan Nunn on x

  i'm not sure a 30% drop says anything profound yet, but the bottom line is deliveroo et al now have to convince a lot more people that they can be profitable, and they're one regulation ruling away from disaster https://www.ft.com/...

• @tim Tim Bradshaw on x

  Deliveroo's on track for the worst first day for a big London IPO in at least a decade. “Absolute car crash” says one banker. The contrast with DoorDash, which popped 86% in its NY debut last year, could not be more ominous for the City's IPO tech hopes https://www.ft.com/...

• @sam_l_shead @sam_l_shead on x

  Deliveroo can cancel its IPO up until April 7.. https://twitter.com/...

• @markdistef Mark Di Stefano on x

  So Amazon-backed Deliveroo is going public at the lowest share price in the range flagged investors. But sources at company insist there's lots of cover for the IPO and three unnamed anchor investors are taking 30% of the offering. Few jitters around. https://www.theinformation.c…

• @jimwaterson Jim Waterson on x

  @DuncanWeldon Every single screen on their app has been full of ads for weeks imploring their own customers to stick their savings in Deliveroo shares, way to piss off your customer base.

• @ingridlunden Ingrid on x

  Labor issues *do* make a difference, whether or not Deliveroo will admit that they do. Astute blog post here from the PIRC https://www.pirc.co.uk/?p=1586 outlining how they interplay with other factors to explain why some might go cold on this IPO. https://twitter.com/...

• @abhinavvr Abhinav Ramnarayan on x

  A more comprehensive take on Deliveroo's disastrous debut. Lots of questions for a lot of people - not least Chancellor Rishi Sunak and co, who hailed this as “a true British success story”. With @JulienReuters https://www.reuters.com/...

• @daniburgz Dani Burger on x

  Big yikes. Deliveroo debut day and it's down 23.6% in the first 15 minutes of trading. Now sub £3. https://twitter.com/...

• @nicholasvinocur Nicholas Vinocur on x

  Deliveroo's tumbling shares this morning are a hint (or a warning) to tech world: Golden valuations are no longer immune from public scrutiny of the underlying business model, esp if it relies on cheap labor in the midst of a pandemic. Question is: One off, or real trend?

• @jimwaterson Jim Waterson on x

  A 30% cut is also what Deliveroo charges many restaurant owners, so I guess they now know how it feels. https://twitter.com/...

• @oscarwgrut Oscar Williams-Grut on x

  Retail investors left holding the bag on Deliveroo — the company sold a fair chunk to amateur investors via PrimaryBid

• @russian_market Wallstreetbets on x

  Deliveroo plunges 30% A bit too late to join stay-at-home food delivery stocks rally. And why IPO in London???

• @daveleeft Dave Lee on x

  If ever an event set in stone the difference in attitudes between Silicon Valley and the London tech scene, it's surely Deliveroo's IPO. FOMO has Wall Street shrugging off dual-class share structure and regulatory threat. In London... not so much. https://www.ft.com/...

• @mattgarrahan Matthew Garrahan on x

  London's much vaunted Deliveroo IPO turns into a car crash https://www.ft.com/...

• @rob2775 Rob Fernandes on x

  Having conceded their IPO would be bottom of their price target range, I see @Deliveroo shares have then opened up 30% down. Not good for London as a place to list, and sad that the app itself manipulated inexperienced users to buy & now carry this loss. https://www.ft.com/...

• @daniburgz Dani Burger on x

  *DELIVEROO HALTED DUE TO VOLATILITY, DOWN 20% Murphy's law of IPOs here https://twitter.com/...

• @zarahsultana Zarah Sultana MP on x

  It's been revealed that Deliveroo riders earn as little as £2 an hour. But at the same the company's CEO is set to make £500 million when the business is floated on the stock market. This isn't a coincidence: The super-rich exist because the working class is exploited.

• @financialtimes @financialtimes on x

  Deliveroo quickly shed more than £2bn in market value in its first moments as a public company, in one of the sharpest drops for a major new listing in years https://www.ft.com/...

• @deliveroo @deliveroo on x

  🔔 Today is Deliveroo's first day as a publicly traded company 🔔 And while the ringing of the stock exchange bell sounds pretty amazing, these are the bells that sound the sweetest to us... #DeliverooIPO https://twitter.com/...

• @sam_l_shead @sam_l_shead on x

  How much would Deliveroo's share price have to collapse before Deliveroo just cancels the IPO...? https://twitter.com/...

• @duncanweldon Duncan Weldon on x

  Good morning to everyone except the brokerage who sent me targeted ads trying to interest me in Deliveroo shares and have just sent me a PR comment explaining the sharp day one price drop as being due to the uncertain path to profitability.

• @oscarwgrut Oscar Williams-Grut on x

  The Deliveroo slump is insane — 30% on debut. This is a huge blow for London's ambitions as a tech friendly listing venue. Who would chose this over NY now?