Deliveroo shares are trading near all-time lows and investors are hoping its annual results can provide a much-needed catalyst for the stock this week.
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Publicly listed Deliveroo restricted the number of shares ex-employees could sell at IPO.
One former employee expressed irritation at the 7.6% cap, saying, We all had plans for the money.
Deliveroo acknowledged the disappointment privately, but said publicly the restrictions were normal.
Some former employees at Amazon-backed Deliveroo are frustrated by a cap on the number of shares they were able to sell during the firm s £1.5 billion ($2 billion) IPO, which delayed their hopes of cashing in for potentially life-changing amounts of money.
LONDON, March 8 Takeaway meals app Deliveroo said today it slashed its losses last year on booming demand from locked-down customers during the pandemic and confirmed plans for its London stock market listing. The company made an underlying loss of £223.7 million (RM1.2 billion) in 2020, it.