Buy the dip: Deliveroo gets bump from retail investors keen to get a slice of the pie
Deliveroo s disastrous stock market debut has not perturbed some retail investors.
Retail investors appear not to have lost their appetite for Deliveroo, with investors today pushing the price of Deliveroo stock close to where it first debuted on the London Stock Exchange.
By mid-afternoon on Wednesday the price of Deliveroo was up around two per cent, trading at around £2.86, down from £2.87 at its market debut.
The price is still considerably lower than the takeaway delivery app was hoping for when gearing up for its IPO, when it offered £3.90 per share.
TOP NEWS SUMMARY: European regulator to pronounce on AstraZeneca jab
Wed, 7th Apr 2021 11:04
(Alliance News) - The following is a summary of top news stories Wednesday.
COMPANIES
The trial of the Oxford University and AstraZeneca vaccine in children has been paused while regulators investigate reports of a rare form of blood clot among adults. Oxford said that no safety concerns have arisen from the trial itself, but it is waiting for more information from the Medicines & Healthcare products Regulatory Agency before giving any more vaccinations. Regulatory bodies from the UK, Europe and the World Health Organisation are assessing data on the jab and a potential association with a rare form of blood clot. The European Medicines Agency will hold a press conference on its findings over possible links between AstraZeneca s coronavirus vaccine and blood clots at 1500 BST on Wednesday. EMA is holding a virtual press briefing on the conclusion of the evaluation of a safety signal with
By Press Association 2021
Deliveroo riders from the Independent Workers’ Union of Great Britain in Shoreditch High Street, east London, as they go on strike
Deliveroo shares have climbed higher on their first day of full trading despite the start of a rider strike over worker rights.
The takeaway delivery operator saw shares increase by more than 3% to 290p in early trading on Wednesday, before edging back slightly.
It is the first day that retail investors have been able to trade shares in the business, however institutional investors have been able to trade in the stock since conditional trading started a week ago.
Wednesday April 7, 2021, 2:31 PM
Deliveroo shares have climbed higher on their first day of full trading - despite coinciding with the start of a rider strike over workers rights.
The takeaway delivery operator saw shares increase by more than 3% to 290p in early trading on Wednesday, before edging back slightly.
But the company is maintaining that most of its drivers are satisfied working for the company, despite hundreds taking action on Wednesday.
The start of retail trading came as socially distanced protests were held by riders in cities including London, York, Sheffield, Reading and Wolverhampton.
Wednesday is the first day retail investors have been able to trade shares in the business - institutional investors have been able to trade in the stock since conditional trading started a week ago.
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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.