Deliveroo ticks up as retail investors join trading

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Deliveroo shares opened slightly higher on Wednesday, the first day when retail investors were allowed to trade stock bought during the food delivery group's initial public offering (IPO).

FILE PHOTO: A Deliveroo delivery rider cycles in London, Britain, March 31, 2021. REUTERS/Toby Melville/File Photo

At 0730 GMT on its first day of unrestricted trading, shares were up 2.7% at 287.7 pence, but still about 25% lower than the IPO price, following a hefty first day tumble when it made its stock market debut in London last week. The Financial Times reported on Tuesday that Goldman Sachs, a global coordinator on the deal, bought 75 million pounds worth of Deliveroo shares to support trading.

 

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When I see this dirty bag, I don't want Deliveroo's services any more.

haha

Deliverwho?

Already an overvalued stock, still to expensive.

Meanwhile ... Far away from the Valhalla occupied by the 1%:

Who in hell would invest in a company that delivers food on push bikes, madness

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