LONDON: Deliveroo Holdings Plc collapsed in its London public debut as investors abandoned the food-delivery startup criticised for its labour practices and corporate governance, just as the broader technology sector falls out of market favour.
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 UK listing. The stock closed down 26% at 287.45 pence.
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