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The biggest UK tech float in almost a decade: £1.47bn JUST EAT

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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.

 

JUST EAT CMO Mat Braddy tweeted the following in celebration of the company’s debut this morning:

 

 

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