Investors pile into Just Eat Takeaway.com block
A pre-IPO investor in Just Eat, the UK takeaway delivery service, has sold a chunk of its stake in the company via an accelerated bookbuild led by UBS. The sale follows Just Eat's takeover by Dutch rival Takeaway.com.
STM Fidecs Trust sold 5.5m shares, a 3.9% stake in Just Eat Takeaway.com, as the merged company is now known.
UBS wall-crossed investors and launched the sale after the market close on Thursday evening. It was swiftly covered, according to a banker on the deal.The deal was ...