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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https://techcrunch.com/2021/03/31/deliveroo-prices-its-shares-on-the-lse-at-3-90-at-the-lower-end-of-the-range-with-a-market-cap-of-7-59b/