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"Just Eat, the online food ordering and delivery service, is preparing to go public in London, according to the Financial Times.\r\n\r\nAccording to the report, the IPO will look to raise up to \u00A3100 million (around $166 million), which would value the company at between \u00A3700 million and \u00A3900 million. A spokesperson for the company confirmed the deal to TNW, and added that the move is designed to facilitate an expansion of services to formalize its collection service - a shift that would allow considerably more restaurants to be listed on the service. Currently, collection orders are supported, but only for restaurants that also offer delivery at other times.\r\n\r\nAccording to the ITF (Intention to Float) documentation, the sale will be listed on either the\u00A0London Stock Exchange or the 'High Growth Segment' of the main market - which is designed specifically to entice tech startups.\u00A0The service is the second in less than a month to go public - US-based GrubHub filed for a $100 million IPO at the end of February.\r\n\r\n\u27A4\u00A0Just Eat joins growing queue of London IPOs [Financial Times]\r\n\r\n\r\nFeatured Image Credit - (1)\u00A0Thinkstock\u00A0/ (2) Guillaume Meyer/AFP/Getty Images"^^<http://www.w3.org/2001/XMLSchema#string>
<http://thenextweb.com/uk/2014/03/17/online-food-delivery-service-just-eat-set-100m-ipo-london-company-eyes-collections-market/>