Takeaway delivery firm says it will price shares towards bottom of planned range
Deliveroo has cut the upper valuation of its landmark flotation on Wednesday by £1bn, saying it will price its shares at the bottom of its guided range because of “volatile” market conditions.
The London stock market listing will now value the takeaway delivery firm at £7.6bn-£7.85bn, instead of a potential £8.8bn, after a week in which leading fund managers said they would shun Deliveroo amid concerns over workers’ rights.
