The food-delivery company’s shares traded between £2.71 and about £3.45 on their debut day on the London Stock Exchange—a drop of up to 30.5 per cent from an offering price of £3.90 per share. (The Logic)

Talking point: The IPO raised net proceeds of about £1.5 billion, and according to the stock exchange, the company’s admission is the largest U.K. technology listing of all time. Several institutional investors raised concerns about the company’s proposed shareholder structure and treatment of workers ahead of the IPO, with the U.K.’s largest fund manager, Legal and General Investment Management, saying it would likely skip participating in the raise. The company cut its offering size earlier this week, lowering its share price from £4.60, after the criticism. The trading day eliminated more than £2 billion from Deliveroo’s valuation.