Deliveroo’s dreadful first year ranks among worst IPOs in London

Food-delivery company has failed to impress and is now languishing 70% below its IPO price

Deliveroo was supposed to be a flagship tech listing for London, but, instead, it was the first in a string of flops.

One year on from its disastrous debut, Deliveroo Plc’s sustained slide has put it among the UK’s worst major initial public offering flops on record.

The food-delivery company has steadily failed to impress and is now languishing 70% below its IPO price, making it the worst first year of trading for a big London listing since sports car maker Aston Martin Lagonda Global Holdings in 2018.