The Fear
A Wise Man (once sat next to him)
It's takes a while to get everything set up for an IPO. They would have started the process while the market was hot but it's gone cold very fast.
It seems to me like the markets want to crash but the recovery stocks are holding and the prospect of more stimulus, Biden's infrastructure bill and a new roaring 20s means that overall the markets are holding waiting for something big to move them.
Think some big investors have shunned it because of the 'gig economy' business model, (lack of decent pay for delivery drivers... the one saying at some point they will have to be paid better and as the company isn't profit making yet, that will hamper) but also apparently they have limited voting rights on the shares.
Still, the owner has made £26m from it, despite a 26% drop so not too shabby!
And some of the drivers get a £600 bonus.