Darktrace float could be a bigger flop than Deliveroo
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19 April 2021 • 2:00pm
After Deliveroo’s float floperoo, cyber security firm Darktrace should be the sort of company that investors scramble for a piece of.
Deliveroo is desperate to be seen as a technology pioneer but the reality is it’s not much more than a takeaway business with a phone app and a legion of poorly paid bike couriers.
The gap between hope and reality is just one of many reasons why Deliveroo’s stock market listing has been a crushing disaster, with the shares down more than a third from a 390p float price.