Just Eat to IPO on London Stock Exchange

Fast food ordering platform Just Eat is preparing to float on the London Stock Exchange.

According to the FT, the company expects to be valued at around £700 – £900 million, and hopes the IPO will raise £100 million.

Hungry for acquisitions

Founded in Denmark in 2001, Just Eat has been headquartered in London since 2006.

It generated almost £96.8 million in revenue last year on orders across 13 countries.

The IPO will follow a series of recent acquisitions by the company, including London’s Urbanbite and Canada’s GrubCanada in 2011, Spain’s SinDelantal in 2012 and EPOS maker Meal2Go only last month.

Pit stops

Tech City News listed Just Eat as one of Tech City’s top three investments in our first print edition in December.

It followed the whopping $64 million Series B and $48 million Series C rounds the company recently raised, making their hints at an IPO ever more likely.

Image Credit: Gordon Joly, Flickr