July 28, 2014

Just Eat IPO serves up a market cap of £1.5bn

Just Eat’s IPO saw its share price surge past its offer price of 260p, reaching a high of 297.96p, significantly above its offer price of 260p per share during its market debut.

Despite concerns about the valuation of the company, its initial performance has been strong as the company looks to use the funds raised to venture on an acquisition spree.

Commenting on the success of the IPO, David Buttreess, CEO of Just Eat said that he believes investors have recognised Just Eat’s record of growth and platform for future growth.

Just Eat now carries a market capitalisation of over £1.5bn.

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