Has morale at DoorDash changed after Deliveroo's massive IPO failure?
Apr 12, 2021
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Deliveroo's March 31 IPO is said to be the worst ever on the London Stock Exchange. Deliveroo, operating in the UK and Europe, has similar revenue to Dash but their market cap is less than 5B pounds.
Deliveroo's IPO comes after DoorDash's disappointing first earnings call, shortly before and after which the market cap crashed from 75B to 45B and has wavered at 45B since then.
https://www.bloomberg.com/opinion/articles/2021-03-31/deliveroo-s-ipo-debacle-is-a-bad-look-for-london-stock-exchange
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