Just Eat still hot on delivery despite froth worries

By Andrew Griffin
03 Apr 2014

Just Eat traded up after its £360m listing on Thursday, partly soothing fears about technology listings after peers faced difficulties with their IPOs.

Just Eat's deal was priced at the top of the 210p-260p range, valuing the firm at almost £1.5bn and putting just under 25% into free float. That was over 100 times historical earnings, but bankers stressed that it is 50 times 2015 predicted earnings, and 36 times expected ...

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