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Deliveroo Didn't Deliver

Apr. 11, 2021 2:36 AM ETDeliveroo plc (DROOF)4 Comments
Pacifica Yield profile picture
Pacifica Yield


  • Deliveroo public debut was a flop.
  • A high valuation combined with losses and ESG concerns to crash its shares.
  • The company's stock price could be further depressed in the short term.

Pedestrians, Cyclists And Traffic Stuck On Tower Bridge
Photo by Hollie Adams/Getty Images News via Getty Images

Deliveroo's (OTCPK:DROOF) public debut was a disaster with lows of 271p, below its initial offer price of 390p. Deliveroo has supposedly oversubscribed which begs the question "Why didn't demand show up?" Perhaps, it was because everyone sensed a tech-driven bubble brewing. This can be seen

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Pacifica Yield profile picture
The equity market is an incredibly powerful mechanism as daily fluctuations in price get aggregated to incredible wealth creation or destruction over the long term. Pacifica Yield aims to pursue long-term wealth creation with a focus on undervalued yet high-growth companies, high-dividend tickers, and green energy firms.

Analyst’s Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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