@peter_IFAMAG reads Twitter so you don’t have to.
Andrew Millington the Head of UK Equities at Aberdeen Standard shares concerns about the sustainability of Deliveroo’s business model, and opts not to take part in their IPO. Elsewhere We Work announce IPO again, following spectacular failed first attempt in 2019.
First, the crowd funders merger of Seedrs and Crowd Cube officially stopped.
Seedrs-Crowdcube merger officially dead. Seedrs has pulled it saying it has arranged new funding instead. In retrospect were two platforms that have at least 90 per cent of a market ever going to be allowed to combine?
— James Hurley (@jameshurley) March 25, 2021
Robert Collins shares news of WeWork attempting a public offering with a valuation of $9bn, their first IPO gave them a value of $47bn.
https://twitter.com/RobertCollings_/status/1374381888803016705
Post Office Horizon scandal is expected to cost the taxpayer £254 million.
https://twitter.com/TomWitherow/status/1374730347154448386
Aberdeen Standard wont take part in Deliveroo’s IPO.
“We will not be taking part in the Deliveroo IPO as we are concerned about the sustainability of the business model, including but not limited to its employment practices, and also the broader governance of the business” – Andrew Millington, Head of UK Equities, Aberdeen Standard
— Joel Hills (@ITVJoel) March 24, 2021
And finally, Asset Managers Fidelity file for Bitcoin ETF.
Massive. Asset management giant Fidelity files for a bitcoin ETF https://t.co/k6yQaTyl0L
— Frank Chaparro (@fintechfrank) March 24, 2021
What are your thoughts on these tweets?
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