HUNGRY INVESTORS HAVE valued takeaway website Just Eat at about €1.8 billion on its first day of trading on the London Stock Exchange.
The Financial Times reports that the valuation makes today’s IPO the biggest UK technology debut in eight years and gives Just Eat a valuation that is two-thirds more than takeaway giant Domino’s Pizza.
“We are the WhatsApp of takeaway,” CEO David Buttress was quoted as saying.
Just Eat was founded in Denmark in 2001 and is now active in 13 countries having come to Ireland in 2008. The company is now based in London and generates over €840 million of total transactions every year.
The company has 36,000 takeaways signed up to its service and says that last year alone it processed 40 million food orders, claiming that the majority of its orders will be made over mobile within two years.
The UK Independent says that the float will raise £100 million for the company and up to £287 million for the shareholders.
To embed this post, copy the code below on your site
have your say