Deliveroo’s has lowered its valuation for the company first trading to 390p per share for an overall value of £7.6bn (instead of the originally planned £8.8bn) following concern from major investors about the shares’ dual structure and its gig economy business model.
Despite this, Deliveroo’s has lost £2.28bn of its value just minutes after today London stock market opening (with the share price falling as low as 271p). Since then, the share price – trading as ROO – has increased stabilising at around 300p.
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