Online food delivery service Just Eat seeks to raise £360m in London IPO at a valuation of £1.47b
Apr03
Just Eat, an online food ordering and delivery service, has announced plans to list on the London Stock Exchange’s ‘High Growth Segment’, offering 138,502,501 ordinary shares at 260 pence each to raise £360 million (about $599 million). This article has been corrected to reflect that the company hasn’t gone public yet. The IPO would value the company at £1.47 billion, much higher than the valuation range of £700 million and £900 million the company was earlier said to be looking at. Just Eat will be receiving £100 million from the public listing. Earlier, a company spokesperson told TNW that the funding will go towards efforts to formalize…
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