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Deliveroo's bleak IPO unlikely to have major impact on tech listings

But observers point to recent IPOs that might indicate weakening exuberance for tech
By Claudia Chong
The Business Times
Deliveroo's bleak IPO unlikely to have major impact on tech listings
Deliveroo shares plunged 26.3% to close at 287.45 pence on its first day of trading, wiping out £2 billion from its market value. Its miserable debut is calling the LSE's attractiveness into question.
2 Apr 2021 - 05:50

Singapore

DELIVEROO'S flop on the London bourse seems more like an instance of bad timing and market conditions in the UK, coupled with concerns about its gig worker model, rather than a sign of conservatism coming to market.

Observers that The Business Times spoke to don't see

deliverooIPO

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