London needed a win. Instead it got its worst IPO in history

At first glance, Deliveroo’s stock market debut should have been a runaway success. But London’s biggest IPO since 2011 was an unmitigated disaster as the stock plunged when trading started and eventually closed 26 per cent below their listing price, wiping billions off its initial market capitalization.
Source: ctv business
London needed a win. Instead it got its worst IPO in history