Deliveroo's stock was last trading at around £3.00 ($4.14), about 23% below the price at which shares listed. The £3.90 ($5.36) IPO price was already at the bottom of the company's targeted range. Sophie Lund-Yates, an equity analyst at Hargreaves Lansdown, said there appear to be a few reasons the IPO ran into trouble. But the message is still clear: The IPO market remains hot, and investment bankers are incredibly busy. My thought bubble: The past year has been defined by an "everything wins" rally, with a hugely diverse range of assets netting solid returns.

Source: CNN March 31, 2021 12:00 UTC