‘Lazy man’s eBay’ MusicMagpie set to float for £208m

MusicMagpie – the ‘Lazy man’s eBay’ founded in a Stockport garage – is set for a £208m stock market flotation MusicMagpie intends to reduce debt and grow its smartphone rental business Most of its sales come from technology goods like laptops and games consoles One company survey estimated that Britons hold £16.5bn of unused technology  … Read more

Deliveroo founder defends company’s shambolic float

Deliveroo founder defends company’s shambolic float and its business model in face of stinging criticism By Daily Mail City & Finance Reporter Published: 22:17 BST, 15 April 2021 | Updated: 22:17 BST, 15 April 2021 Deliveroo’s founder has defended the company’s shambolic float and its business model in the face of stinging criticism.  Will Shu, … Read more

Bosses of cyber security firm Darktrace set for a £3bn float windfall

Bosses of cyber security firm Darktrace set for a £3bn float windfall: Tech start-ups flood to market weeks after Deliveroo debacle By Matt Oliver For The Daily Mail Published: 21:52 BST, 12 April 2021 | Updated: 22:18 BST, 12 April 2021 Darktrace has revealed plans for a blockbuster float in London just weeks after Deliveroo’s … Read more

Deliveroo shares stage mini fightback after last week’s float disaster

Deliveroo shares stage mini fightback after last week’s float disaster despite UK-wide strikes over pay and conditions By Matt Oliver For The Daily Mail Published: 21:51 BST, 7 April 2021 | Updated: 21:51 BST, 7 April 2021 Deliveroo shares staged a mini fightback as they traded freely for the first time following what has been … Read more

Goldman Sachs lines up a second tech float in Wise

Goldman Sachs, a key adviser on Deliveroo’s car crash market debut last week, is brushing aside a storm of protest and is already preparing to unleash its second giant tech listing this year.  Sources last night said Goldman Sachs and Morgan Stanley were on track to sell shares in financial technology giant Wise next month … Read more

Blow for City as Electric car battery maker Britishvolt eyes US float

Blow for the City as UK-based Electric car battery maker Britishvolt eyes US float By Francesca Washtell For The Daily Mail Published: 21:54 BST, 1 April 2021 | Updated: 21:54 BST, 1 April 2021 Electric car battery maker Britishvolt could go public in the US in another blow to the London Stock Market. The company, … Read more

RUTH SUNDERLAND: This float on the stock market was a big fat Flopperoo 

Deliveroo’s float on the London stock market was one of the City’s most eagerly-awaited events. Investors had hoped shares would soar – but instead watched them plunge by a stomach-churning 30 per cent when trading began. They recovered a little, but the firm’s stock market debut was, in truth, nothing more than a big fat … Read more

RUTH SUNDERLAND: This float on the stock market was a big fat Flopperoo 

Deliveroo’s float on the London stock market was one of the City’s most eagerly-awaited events. Investors had hoped shares would soar – but instead watched them plunge by a stomach-churning 30 per cent when trading began. They recovered a little, but the firm’s stock market debut was, in truth, nothing more than a big fat … Read more

RUTH SUNDERLAND: Oxford Nanopore’s float puts Deliveroo’s in the shade  

Compare and contrast. Two high-profile floats in London: one a takeaway food business, shunned by several big investors because of its reliance on gig economy riders, the other an Oxford University spinout run by super-brains in lab coats. The cultural gulf could not be wider between Deliveroo and Oxford Nanopore, the biotech business that yesterday … Read more