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LONDON (Reuters) - Deliveroo’s share price plunge on its London stock market debut has put a question mark over Britain’s ambitions to become a home for fast-growing tech companies following its departure from the European Union, investors and analysts say.
Shares in the food delivery company slumped as much as 30% on Wednesday in one of the biggest first day falls for a stock in London. They were down another 2.2% on Thursday.
Many of the reasons for the brutal decline are likely to be company-specific, according to a dozen interviews by Reuters of venture capital (VC) investors, bankers, analysts and tech executives.