How a food-obsessed banker became one of Britain’s richest tech chiefs
Will Shu, the 41-year-old founder of Deliveroo, is set to net £540m when his company goes public
Apparently financial literacy has abandoned the Telegraph.
Shu has about a 7% stake. Shu is not going to sell his entire stake at the IPO. Shu’s stake may well be worth £540 million when the IPO happens or has happened. But he’s not going to net that amount.
It’s like the story a couple of days back claiming that the folks running an engineering business are to “make” by selling it. No, they’ll crystalise the value perhaps but they made it over the 50 years.