Amsterdam IPO on the menu for meal delivery group


Online meal delivery service said on Tuesday it plans to launch on the Amsterdam stock exchange within the next few weeks.

The aim is to raise €175m to finance further expansion and marketing activities through the sale of largely new shares, the company said in a statement.

‘We see significant opportunities for further growth as people order more and more food delivery with their mobile devices from home or wherever they are,’ said founder and CEO Jitse Groen.

The company began in a Dutch attic in 2000 and claims to have grown into the European market leader, with 30,500 restaurants and takeaways on its books. It is active in nine countries and delivered some 34 million meals last year. Dutch label is among its brands. booked a loss of nearly €20m on turnover of €77m last year. In the 2016 half, the group posted a loss of €11m on sales of over €50m.

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