[rvz]

And somehow this is a "tech company".

The real winners in this scam are the founders, VCs and Amazon (Who will eventually acquire them) and some of the employees (Not riders). As expected the general public who got in late always lose even when the big investors warned them they would sell very early. Some did and some backed out altogether.

I don't know how one could fall for this ad in the UK [0] and actually become a very late 'retail investor' in Deliveroo's IPO day in which not only the share allocation isn't guaranteed, you are now locked in to waiting until the general public can trade it.

If a retail investor who bought into this pump and dump sells on the day of trading, it is at a loss. Ignore the initial hype entirely, wait for it to die down and probably buy it low.

[0] https://imgur.com/a/ylLwtE8

[rich_sasha]

IPOs typically outperform in the short term. While I agree retail investors shouldn’t go anywhere near an IPO based on an ad in a food delivery app, in other ways it is rational.

EDIT: also, WeWork was somehow a tech company. Until it wasn't...