Alphawave, a Canadian chip designer, was wise not to enlist political support for its £3 billion float. Deliveroo made that mistake in March as it cranked up the hype before its market debut. The chancellor hailed Deliveroo as a “true British tech success story” and a harbinger for Britain’s post-Brexit future. Despite its best lobbying efforts, Deliveroo served up the worst float in living memory. SponsoredAlphawave has garlanded fewer headlines than the takeaway courier yet it is much more deserving of official adulation.

Source: The Times May 12, 2021 15:56 UTC