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Just Eat plans London IPO at valuation of up to $1.5B

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The online food-ordering service Just Eat is planning to go public on the main London Stock Exchange or its High Growth Segment in April, the company said Monday. According to the Financial Times, the IPO should give Just Eat a valuation of between £700-£900 million ($1.16-$1.5 billion) with a planned haul of £100 million. Just Eat’s main rival is the Berlin-based Delivery Hero, which took in a whopping $88 million in Series E funding back in January. Though Just Eat was founded in Denmark, it is these days part of London’s “Tech City” hub, and its flotation would provide major validation for that scene.