The indicative price range for the company's initial public offering is set at €20.5 to €26.5 per share, valuing Takeaway.com at an enterprise value of €760 million to €974 million and a post-IPO market cap of €904 million to €1,1 billion.
The final offer price is expected to be announced on Thursday 29 September 2016.
The IPO aims to raise at least €350 million in gross proceeds (assuming full exercise of the overallotment option) of which the primary component comprises approximately €175 million.
Also worth noting: Jitse Groen, Takeaway.com’s founder and CEO, intends to retain approximately 95% of his shareholding.
Takeaway.com is a leading online food delivery marketplace in continental Europe, with solid market positions in the Netherlands (where it enjoys an estimated market shareof more than 90% in terms of online order value), Germany, Belgium, Austria and Poland.
For 2015, Takeaway.com recorded gross merchandise volume (GMV) of €651 million, and revenue of €77 million.