Will Shu, the founder of Deliveroo, sold shares worth nearly £15 million just a month after the company posted its first profit, primarily for personal investments.
Deliveroo reported a significant turnaround with a profit of £1.3 million, contrasting sharply with last year’s loss of £82.9 million, attributed to a rise in order volume and stabilizing food prices.
Despite his recent share sale, Shu holds 95.8 million shares in Deliveroo, having opted out of annual bonuses and long-term share award plans, highlighting his commitment to the company's future.
Following its troubled IPO in April 2021, Deliveroo's share prices fell significantly, yet, through recent strategic expansions and rising investor confidence, the company has managed to bounce back.
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