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Silicon Valley Bank’s collapse shows going public was right move, says Deliveroo...

 2 years ago
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

By James Titcomb

16 March 2023 • 4:51pm
William Shu is an American businessman, the co-founder and CEO of Deliveroo, a British online food delivery company with operations spread across eighty-four cities. Pictured at the company's offices in Cannon Street, London UK. © Matt Writtle / Evening Standard / eyevine Contact eyevine for more information about using this image: T: +44 (0) 20 8709 8709 E: info@eyevine.com http://www.eyevine.com

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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