Three ways to avoid a big Floperoo
Apr 09, 2021
3 minutes
Matthew Lynn City columnist
The £7bn stockmarket flotation of the food-delivery app Deliveroo was not quite the worst of all time. True, it dropped 30% from its issue price, slumping from 390p to 275p within the first few minutes of trading, hence earning its pasting as a “Floperoo”. But of all the listings since 1999, there are ten that did even worse. Even so, it was hardly a great success. More than 85%
You’re reading a preview, subscribe to read more.
Start your free 30 days