Business

IPO fever: Just-Eat becomes latest firm to plan London float

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Online takeaway provider Just-Eat has become the latest firm to announce its intention to list on the London Stock Exchange.

In a stock market announcement today, the firm said the company generated £96.8m in revenues in 2013, an increase of 61% from 2012.

It is currently working in 13 markets and hopes the IPO will secure £100m to launch into less-developed markets.

Just Eat said IPO the proceeds will be used to support its growth, including potential expansion into additional territories and acquisitions of complementary businesses and technologies.

Earlier this month the firm purchased rival Meal2Go.

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