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Deliveroo hits EBITDA profitability amid dip in customers
Deliveroo plc operates an online food delivery platform. The company connects local consumers, restaurants and grocers, and riders to fulfil a purchase. It operates approximately more than 800 locations across 11 markets, including Australia, Belgium, France, Hong Kong, Italy, Ireland, the Netherlands, Singapore, the United Arab Emirates, Kuwait, and the United Kingdom. The company was founded in 2013 and is headquartered in London, the United Kingdom. Deliveroo share price prediction The current share price can be found by viewing your Shareview online portal.
Deliveroo share price now
The future for BlackRock World Mining shares Subscribe to MoneyWeek and get your first six issues FREE How’s that going to happen? Well, Deliveroo has been taking all the right steps to improve its bottom line. The first came with its exits from Australia and the Netherlands. While that initially soured investor sentiment, it proved to be the right call given the poor market share and operating landscape in those regions. In fact, the exit will now provide at least a £20m tailwind to the group’s profits. 
Deliveroo shares tumble on stock market debut
However, this was far from the case. After being initially priced at 390 GBX, Deliveroo’s share price fell almost 30% on its first day on the London Stock Exchange, closing the session at around 287 GBX per share. In Case you missed it Takeaway service Deliveroo endured a humbling London Stock Market debut earlier this week, on a day that saw its shares drop 30%.
Deliveroo stock
We use cookies for a number of reasons, such as keeping FT Sites reliable and secure, personalising content and ads, providing social media features and to analyse how our Sites are used. Deliveroo goes 'from hero to zero' after tanking 30% at its London IPO as investors get tough on gig-worker rights If you think that the Deliveroo share price will drop, you’d take a short position. If your prediction is correct, you’d make a profit. If incorrect, you’d make a loss.
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