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.
Read more on:
Dubai-headquartered quick service chicken brand ChicKing is set to open six UK restaurants over the…
Pret A Manger has reported a strong start to 2026, with UK systemwide sales increasing…
Popeyes has announced a new partnership with Irish retail and fuel operator Applegreen as it…
Black Sheep Coffee is set to strengthen its presence in London with the opening of…
Mexican fast food chain Taco Bell has marked a new chapter in its UK expansion…
Dessert parlour brand Creams is set to launch internationally for the first time after agreeing…