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Was Deliveroo the most embarrassing flop in City history?

10 April 2021

9:00 AM

10 April 2021

9:00 AM

The market emphatically endorsed my negative opinion of the Deliveroo share offer, which bombed from its offer price of 390p to close at 282p before Easter. The biggest London IPO since the commodity giant Glencore went public in 2011 now also stands as the most embarrassing flop in living City memory.

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