First to list on new segment
IT WAS with a sweet symmetry that Just-Eat chose yesterday to become the first group to list on London’s High Growth Segment, the listing vehicle which many hope will persuade technology groups to choose the capital rather than New York for their share listing.
King’s shares, one of the great losses to the London market, began trading yesterday in New York (at a loss, as it happens). The UK group’s decision to list there a few months ago was viewed by some as a massive blow to London’s ambition.
Joanna Shields, UK chair of Tech City, was delighted: “Just-Eat has created and successfully built a new business category and leveraged its technology platform to aggregate and accelerate the growth of small restaurant businesses across 13 markets. “The decision to list on the High Growth Segment is testament to the unique optionality of London’s markets supporting the growth of firms from SME to FTSE 100.”
FUTURE FLOAT CONTENDERS
Zoopla, owns online property brands
Mind Candy, children’s entertainment
Hailo, an online taxi service
Shazam, media sharing
Zopa, a peer-to-peer lender