London-based JUST EAT is making its debut today on the London Stock Exchange, and its 260p share price will give it a market capitalisation of a very tasty £1.47bn.
That will make it the most valuable UK tech float in eight years, according to the FT – and the company is still just 13 years old.
The online takeaway website’s IPO will raise £100m as it makes just under a quarter (24.6%) of its equity public.
JUST EAT was launched in 2001 in Denmark, and launched in the UK in 2006.
It achieved a £96.8m turnover in 2013, up 60% on 2012. It operates in 13 countries and lists 30,000 restaurants on its website.
- Read our interview with JUST EAT’s former CEO Klaus Nyengaard
- Read JUST EAT UK MD Graham Corfield’s piece for our new publication Securing Britain’s Growth on boosting enterprise in the UK (p.14)
JUST EAT CMO Mat Braddy tweeted the following in celebration of the company’s debut this morning:
— Mat Braddy (@matbraddy) April 3, 2014