Home Lifestyle NewsFood & Drink News London-based JUST EAT set for float valuing it at up to £900m

London-based JUST EAT set for float valuing it at up to £900m

by LLB Reporter
23rd Jan 14 8:51 am

London-based JUST EAT is set to float in the UK in April this year for a valuation of £700m-£900m, the FT has reported, in a boon for the London market.

It will be the biggest IPO for a Tech City-based company.

The online takeaway-ordering service has over seven million members across the 13 countries it operates in, who can access more than 30,000 restaurants.

Read our interview with JUST EAT’s former CEO Klaus Nyengaard

The company was founded in 2001 by – as JUST EAT’s website describes them – “a group of handsome, devilish young Danes”.

It launched in the UK in 2006 and moved its HQ to London in 2008. It partners with more than 11,000 UK restaurants.

In April 2012 JUST EAT became the UK’s most-popular food website, receiving more than 20 million visits in five months.

Later that month JUST EAT raised £39m in private equity investment.

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