Member Article

Just Eat's floatation valued at £1.47 billion

Online takeaway service Just Eat has launched on the stock market valued at £1.57 billion, generating the company and shareholders around £360 million.

The London-based group which was founded in Denmark, will sell 138,502,501 ordinary shares, representing 24.6% of its equity.

David Buttress, chief executive of JUST EAT said: “I believe that JUST EAT is one of the most exciting global growth companies in Europe and we are all delighted at the strong levels of investor interest we have seen in our initial public offering.

“I believe that investors have recognised our track record of strong growth and that we have a strong platform for future growth.

“We look forward to life as a listed company as we join the market through the LSE’s High Growth Segment and continue expanding our leading online platform for takeaway food.”

The selling shareholders comprise SM Trust, Index Ventures, Vitruvian Partners, Redpoint Ventures, Greylock Partners (together, the “Major Selling Shareholders”), one of the company’s senior management, employees, ex-employees and early investors.

This was posted in Bdaily's Members' News section by Tom Keighley .