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Deliveroo bankers face cancellation of £18m fee after IPO calamity

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The board of Deliveroo is facing demands from the company’s new shareholders to cancel an £18m payout to the investment banks which this week launched one of the City’s most turbulent flotations on record.Sky News can reveal that a number of furious investors want the company to decide “at the earliest opportunity” that it will not hand the discretionary fee to its banking syndicate, led by Goldman Sachs.
Deliveroo’s listing prospectus disclosed that it would pay the six banks involved in its initial public offering (IPO) a fixed fee of 1.66% of the capital raised in the flotation – equating …

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