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Deliveroo Rebounds to IPO Price for First Time Since Listing in March

  • Shares rise 1% to regain 390 pence initial public offer price
  • Worker status ruling, Delivery Hero stake help shares recover

Deliveroo Plc shares matched their initial public offering price for the first time since listing in March, helping the food-delivery company move past the disastrous plunge at the start of trading.

The stock has soared 71% since touching a bottom in April, bolstered by a favorable court ruling over the employment status of its drivers, a surge in sales and a big investment by peer Delivery Hero SE.