Botched IPO highlights market doubts on Deliveroo's business model

+
nrqemi / Shutterstock.com

One of the most anticipated IPOs of the year, meal delivery service Deliveroo, has turned into an embarassing failure. The stock plummeted in the first hours of trading. This was partly due to the dual share structure that founder Will Shu implemented to cement his control over the company. But more importantly, it reflects market concerns over the long term profitability of the company.

Read further?

Create an account and get free access to 5 plus articles per month.

No account yet? Register now for free.Company? Register now and give subscriptions to your employees.

Always up to date with the most important retail news.

Access to exclusive interviews, analyses and research.

Be part of the largest retail community in the Benelux.

+