Has Deliveroo Unnerved IPO Investors?

Darktrace is next up to list on the London Stock Exchange - is it second time lucky for a tech float after Deliveroo's flop?

James Gard 28 April, 2021 | 10:14AM
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Deliveroo logo on bicycle

Deliveroo’s much-hyped IPO disappointed investors, and particularly those who signed up for the retail offer, but that hasn’t stopped a number of UK companies planning stock market listings in the coming months. Will investors be more wary this time, especially of anything promoted with a “tech” slant, or will they move swiftly on to the Next Big Thing?

There are plenty of tests of investor appetite on the horizon, with cyberscurity firm Darktrace floating on May 6. Former Woodford Patient Capital holding Oxford Nanopore, now 16% of the Schroder UK Public Private Trust (SUPP), will also test demand for healthcare companies in the wake of the pandemic when it floats in the second half of this year. Canadian chipmaker Alphawave IP is also planning a London listing this year.

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James Gard  is content editor for Morningstar.co.uk