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Read more about AMC rides stock roller-coaster after $587-mn share sale to cut debt load on Business Standard. The stock traded at $48.51 as of 4:02 a.m. in New York premarket trading, down 5.5% from its last close. ....
The stock plunged as much as 31% in its first minutes of trading to trigger circuit breakers the worst performance in decades for a big U.K. listing. The stock closed down 26% at 287.45 pence.Deliveroo’s 1.5 billion-pound ($2.1 billion) IPO was meant to be a triumph for the City in its post-Brexit push to lure tech firms away from New York. Instead, the first-day performance looks like a disaster. As appetite sours for stocks that flourished during the lockdown, institutional investors have rebuffed the bellwether for the gig economy in droves. Asset managers including Legal & General Investment Management said they wouldn’t buy the stock because Deliveroo’s treatment of couriers doesn’t align with responsible investing practices. ....
Deliveroo shares dive 26% as London debut turns sour straitstimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from straitstimes.com Daily Mail and Mail on Sunday newspapers.
Deliveroo tumbles 30% in London debut as investors abandon food-delivery start-up businesslive.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesslive.co.za Daily Mail and Mail on Sunday newspapers.