Deliveroo riders go on strike as company’s shares begin open trading after disastrous IPO

Deliveroo riders staged strike action on Wednesday on the first day that ordinary investors could buy and sell the company’s shares on the stock market.The share price gained 2.5 per cent to £2.88 on the first morning of open trading following Deliveroo’s initial public offering (IPO) but remained well below the £3.90 float price set last week.The company flopped last week in what has been labelled London’s worst ever stock market debut. Deliveroo’s valuation remains £3bn down on the top-end price being targeted just 10 days ago. Investors, including some of the UK's largest pension fund managers, shunned the share...