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Ex-LSE boss Xavier Rolet on Deliveroo stumble: ‘Cynics make the worst investors’

Rolet said there is a 'need for a deep pool of investors and analysts who do understand growth and know how to price it' after Deliveroo stumbled in its trading debut

Xavier Rolet, the former CEO of the London Stock Exchange, says the Deliveroo IPO reminds him of similar criticism at the time of Ocado's debut
Xavier Rolet, the former CEO of the London Stock Exchange, says the Deliveroo IPO reminds him of similar criticism at the time of Ocado's debut Photo: Getty Images

The former head of the London Stock Exchange signalled media "cynics" are to blame for Deliveroo's disappointing share debut and compared the company's flop to Ocado's stumbles when it listed about a decade ago.

The highly-anticipated Deliveroo IPO, one of the largest in the UK for over a decade, was overshadowed by large institutional investors shying away from the food delivery firm, citing concerns over workers' rights. The shares slumped more than 30% in early hours of London trading.

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