Takeaway.com raises €328m through Amsterdam IP0

Photo: Takeaway.com
Photo: Takeaway.com

Food delivery service Takeaway.com launched on the Amsterdam stock exchange at €23 per share on Friday, valuing the company at €849m.

The aim was to raise €328m to finance further expansion and marketing activities through the sale of largely new shares.

The share was the biggest gainer in Amsterdam on Friday morning, adding 9% in morning trading. ‘The level of interest in our IPO underpins our strong belief that we have an attractive investment story with significant growth and value-creation opportunities,’ 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 Thuisbezorgd.nl is among its brands.

Takeaway.com 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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