LONDON, March 31 (Reuters) – British finance minister Rishi Sunak said he was not embarrassed by the plunge in the shares of Deliveroo in their trading debut on Wednesday, after he endorsed the tech company as a British success story.
“Gosh, no… share prices go up, share prices go down,” Sunak said in answer to ITV political editor Robert Peston who asked if he felt embarrassed.
He cited Facebook’s mixed start after its initial public offering in 2012, and its subsequent success. (Reporting by Andy Bruce; editing by William James)
