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11 October 2015 |
Just Eat offered 138,502,501 shares at 260 pence, valuing the company at £1.456 billion. This is the largest UK technology IPO in 8 years. The company currently operates in 15 countries (as of October 2015). The company intends to use the cash raised to continue to expand its network of takeaway restaurants, build brand awareness and increase the scale of the business.
On the first day of trading the company's shares rose as much as 10% giving the company a market valuation of £1.47 billion.
Goldman Sachs, J.P. Morgan, Oakley Capital and Torch Partners were involved in giving advice on the IPO.
Herbert Smith Freehills LLP and Linklaters LLP provided legal advice.