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Deliveroo IPO: should we succumb?

2021-03-31T12:31:31.990Z


Several investment funds refuse to invest in the start-up because of its social model. This is the largest IPO on the London market since 2011. The food delivery platform Deliveroo made its first public debut on Wednesday in London, with a valuation below expectations at 7.6 billion pounds . Criticized for the treatment of its delivery men, Deliveroo faced an outcry from investors. Several big names in British management, including Legal & General, Aberdeen and Aviva, have said they


This is the largest IPO on the London market since 2011. The food delivery platform Deliveroo made its first public debut on Wednesday in London, with a valuation below expectations at 7.6 billion pounds .

Criticized for the treatment of its delivery men, Deliveroo faced an outcry from investors.

Several big names in British management, including Legal & General, Aberdeen and Aviva, have said they will not invest in the company, in part because of the working conditions imposed on delivery men.

All over the world, funds are increasingly concerned with the environmental, social and governance (ESG) performance of the companies in which they invest.

Larry Fink, boss of the world leader in management, the American BlackRock, has made it his hobbyhorse.

Deliveroo is in the crosshairs.

Strike could bring hundreds of delivery men together in London

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Source: lefigaro

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