Deliveroo hits pre-IPO bump with investors concerned over how it treats its riders

Three of the UK’s biggest asset managers said they won’t be participating in the IPO amid concerns the company’s treatment of riders doesn’t align with socially responsible investing practices

Hundreds of couriers expected to refuse to make deliveries when Deliveroo begins trading next week. 

Investors and riders are raising concerns about the way Deliveroo treats its couriers in the run-up to the company’s IPO next week, highlighting a key issue for the start-up as gig economy workers lobby to secure more protections from the platforms that rely on them.

Legal & General Investment Management, Aberdeen Standard Investments and Aviva Investors, three of the UK’s biggest asset managers, are among the fund managers who said this week they won’t be participating in the IPO.