This gave the company a valuation of more than 100 times its last year EBITDA and 15 times the value of sales. At time of writing Just Eat’s share price had peaked at approximately 286 pence. Just Eat chief David Buttress said: “I believe that Just Eat is one of the most exciting global growth companies in Europe and we are all delighted at the strong levels of investor interest we have seen in our initial public offering. “I believe that investors have recognised our track record of strong growth and that we have a strong platform for future growth. We look forward to life as a listed company as we join the market through the LSE’s High Growth Segment and continue expanding our leading online platform for takeaway food.” The float will raise £100m for the company and up to £287m for the shareholders which include SM Trust, Index Ventures, Vitruvian Partners, Redpoint Ventures and Greylock Partners, as well as Just Eat’s senior management and early investors. The company’s shares are currently in conditional dealing and it is expected to join the High Growth Segment of the LSE Main Market on April 8th.
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
