

Silicon Valley Bank’s collapse shows going public was right move, says Deliveroo...
source link: https://www.telegraph.co.uk/technology/2023/03/16/silicon-valley-banks-collapse-shows-going-public-right-move/
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Silicon Valley Bank’s collapse shows going public was right move, says Deliveroo boss
Chief executive of food delivery app warns SVB collapse threatens tech cash crunch

Chief executive Will Shu said Deliveroo was sitting on more than £1bn in cash after its 2021 flotation
Credit: Matt Writtle/Evening Standard/eyevine
Deliveroo’s boss has said the collapse of Silicon Valley Bank shows it was right to go public despite the takeaway app’s value dropping 80 per cent since its IPO....
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