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Just Eat

Just Eat aims for £100m stock market flotation

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By John Glenday, Reporter

March 17, 2014 | 1 min read

Fast-food firm compilation website Just Eat has stated its intention to raise as much a s£100m from a public flotation on the London stock exchange.

The website has expanded to operate in 13 countries since its formation in Denmark back in 2001, generating revenues of £96.8m – a 61 per cent increase from 2012.

Just-Eat CEO David Buttress said: “Just Eat brings together tens of thousands of local takeaway restaurants globally and processes millions of online orders monthly, which I believe makes us one of the most exciting global growth companies in Europe.”

Goldman Sachs and JP Morgan are advising on the move with SM Trust, Index Ventures, Vitruvian Partners, Redpoint Ventures and Greylock Partners all expected to sell some of their current shareholdings.

Just Eat predict further growth going forward, having valued the fast-food delivery industry at £58bn in 2013.

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