September 19, 2016 / 8:50 AM / 4 years ago

Takeaway.com aims to raise 350 mln euros in IPO

AMSTERDAM, Sept 19 (Reuters) - Dutch-based online food ordering service Takeaway.com said on Monday it would seek to raise 350 million euros ($390 million) in an initial public offering that would give it a market value of between 904 million and 1.12 billion euros.

In a statement, the company said it is offering 8.5 million new shares and 10.6 million secondary shares at an indicative price range of 20.50 to 26.50 euros per share.

Pricing is due on Sept. 29.

Takeaway.com dominates the Dutch market and operates in Germany, Austria, Belgium and Poland.

Proceeds from the IPO will be used to fund the company’s attempt to become the dominant food ordering service in Germany.

$1 = 0.8965 euros Reporting by Toby Sterling; editing by Jason Neely

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