Deliveroo IPO marred by investors’ concern about employee rights
‘We’re looking to invest in businesses that aren’t just profitable, but are sustainable,’ Aberdeen’s Andrew Millington says
25 March 2021 - 16:35
Investors and riders are raising concerns about the way Deliveroo treats its couriers in the run up to the company’s initial public offering next week. That highlights a key issue for the start-up as gig economy workers lobby to secure more protections from the platforms that rely on them.
Aberdeen Standard Investments and Aviva Investors, two of the UK’s biggest asset managers, said they would not be participating in the IPO. The investors, which manage about £830bn combined, said they were concerned that the company’s treatment of its riders did not align with socially responsible investing practices...
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