Just Eat Prepares IPO In London, Aiming To Raise £100m

Online fast food ordering veteran Just Eat, which lets hungry web users in 13 global markets order a food delivery from a range of local takeaways, is preparing to float on the London Stock Exchange. It’s aiming to raise £100 million from the IPO, with an expected valuation in the range of £700 million to £900 million.

Earlier this month, Just Eat acquired EPOS maker Meal2Go with the intention of selling its specialist restaurant electronic point of sale tech to its takeaway partners as another string to its bow to encourage them to sign up to its ordering platform. More acquisitions are likely on the cards for Just Eat, with CEO David Buttress telling the FT the company is looking to expand through “potential acquisitions”.

Just Eat, which was founded in Denmark back in 2001 but is headquartered in London, has made a swathe of acquisitions over the years — including Spain’s SinDelantal (in 2012), London’s Urbanbite (in 2011) and Canada’s GrubCanada (also in 2011), to name three.