Business

Deliveroo sees shares fall by 30% in market debut

Reports last week suggested that a number of investors were shying away from investing in Deliveroo ahead of its stock exchange debut, after a surveyed report claimed that a third of its riders were paid less than minimum wage

Shares in Deliveroo sank by as much as 30% as it made its London Stock Market debut, going as low as 275p per share and wiping over £2bn off its valuation

In a market announcement this morning, Deliveroo said the offer price has been set at £3.90 per share, equating to a market capitalisation at admission of £7.

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