Just Eat boss is hungry for stock market listing
ONLINE takeaway food service Just Eat is expected to achieve a valuation of between £700million and £900million when it floats on the stock market this year.
It plans to raise £100million to focus on organic growth, acquisitions and new markets.
In pursuing a listing this year the website, which enables fast-food fans to order online from local restaurants, is following in the footsteps of Pets At Home, Boohoo.com and AO World. It would give chief executive David Buttress and his backers a multi-million-pound windfall.
“We think the time is right: it will enable us to continue growth. We’re determined to empower users to love their takeaway experience,” he said. Just Eat, founded in Denmark in 2001, operates in 13 markets and has more than 50 per cent of the UK online takeaway delivery market.