The Intelligence from The Economist Takeaway lessons: Deliveroo’s listing disappoints
Mar 31, 2021
Tamsin Booth, Technology and business editor at The Economist, shares her insights on Deliveroo's disappointing IPO, revealing investor skepticism about the gig economy and tech listings in London. She discusses the critical issues around Deliveroo's business model and workforce conditions that raised red flags. The conversation also touches on China's cloud seeding, its controversial history, and the risks involved. Lastly, Booth reflects on the lasting impact of social media behavior on personal careers, highlighting the need for caution in digital expression.
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Deliveroo's Disappointing Debut
- Deliveroo's IPO saw its share price fall below the target range on its first day of trading.
- Major UK fund managers publicly announced they wouldn't participate in the IPO.
Investor Concerns
- The lukewarm response to Deliveroo's IPO is partly due to concerns about their gig economy model and dual-class share structure.
- Some investors view these factors as risky, preferring more traditional employment practices and equal voting rights.
Attracting Tech Listings
- The UK government is trying to attract more tech companies to list in London, partly by relaxing rules on dual-class share structures.
- This approach aims to make London a more appealing option than New York for tech IPOs.