Takeaway.com eyes imminent IPO on Euronext stock exchange after snapping up Just Eat's Benelux operations

Francesca Washtell
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Takeaway.com is the largest restaurant delivery group in the Netherlands (Source: Getty)

The Netherlands’ largest restaurant delivery site Takeaway.com will seek to list on Amsterdam’s Euronext stock exchange in the next few weeks, the company announced today.

Although previously active in the UK, earlier this summer Takeaway offloaded its entire British operations to Just Eat for an undisclosed sum, before snapping up Just Eat’s Benelux arm for €22.5m (£19m).

Takeaway.com said it will sell €175m in newly-issued shares, as well as an unspecified amount of shares offered by current shareholders.

Read more: Just Eat soars to record high delivering upgraded outlook

These include investors such as Prime Ventures, Macquarie and founder Jitse Groen.

It is unclear at this stage how much the company will seek to raise from the flotation.

The funds raised from the initial public offering will support new growth and marketing, and will also be used to pay off all its existing debts, Reuters reported.

Read more: City takeaways are about to get healthy with rotisserie chicken deliveries

Today the company, which is particularly targeting the German market, said it had made a loss of €11.5m in the first six months of 2016, though its sales reached €50.5m.

It is currently only profitable in the Netherlands, though also has a large share of the market in Germany, Belgium, Austria and Poland.