Deliveroo shares rise 4pc as retail investors start trading - live updates

Telegraph 07 Apr 2021 11:15

Shares in Deliveroo have risen as high as 4pc as unconditional trading began on the London Stock Exchange this morning.

Retail investors are now able to buy and sell Deliveroo shares, ending a week of conditional trading that was limited to institutional investors and customers of the business.

The company’s share price is still far below its 390pc float price after its shares collapsed 26pc in its market debut in a crash that wiped £2bn off its value.

There have been fears that Deliveroo customers who lost out when buying shares last week could seek to sell them today, increasing the food delivery company’s losses.

Elsewhere, the UK formally launched its new tech watchdog overnight. The new Digital Markets Unit is intended to block Silicon Valley giants from stifling competition.

Continue reading original article...


You may also like