Just Eat plans to raise £100m in IPO

Online takeaway service Just Eat plans to raise £100m (€119.6m) from listing its shares on the London Stock Exchange in April, joining a surge of companies seeking initial public offerings.

London-based Just Eat, which operates just-eat.ie was founded in Denmark in 2001, said yesterday it would use proceeds from the share sale to fund expansion, as it seeks a bigger slice of a global takeaway industry worth an estimated £58 billion in 2013.

Chief executive David Buttress declined to say what valuation Just Eat was aiming for. Media reports have put the figure at £700-£900m.