Stock Take

Deliveroo’s tasty returns may win back lukewarm investors

British online food ordering and delivery platform, like its Dutch rival Just Eat, saw share prices tank initially, but both are starting, finally, to find their feet

Deliveroo is forecasting it will make a full-year profit of between £60m and £80m, which will be a significant milestone for the British food ordering and delivery group

In April 2021, Deliveroo, the British online food ordering and delivery platform, made its much-anticipated debut on the public market as its shares launched on the London Stock Exchange for the very first time.

In the words of one investment banker, it was “the worst initial public offering (IPO) in London’s history”. The company’s shares tanked almost 30 per cent in their first day of trading, wiping £2 billion from its opening £7.6 billion market ...