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(Reuters) - Deliveroo shares rose on Wednesday, the first day retail investors could trade stock bought during the food delivery group s initial public offering (IPO), while some of its riders cycled through London to demand fair pay.
At 1411 GMT on the first day of unrestricted trading, Deliveroo s shares were up 2.1% at 286 pence, but still about 25% lower than the IPO price, following a hefty first day tumble when it made its stock market debut in London last week.
Deliveroo was given an initial valuation of 7.6 billion pounds ($10.46 billion) through a 390 pence price tag per share.
Though Deliveroo has risen.on the first day of trading available to retail investors, it s too soon to tell whether this is a vote of confidence in the stock, said Connor Campbell, an analyst at Spreadex. ....

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