Ethically eat will set the IPO price at the high-end of its distribution range

Ethically Eat, the UK's booking website for the IPO on the London Stock Exchange, will set the IPO price at the top of its distribution range, sources said, driven by strong investor demand. According to the price, ethically eat will be valued at £ 1.47 billion (about $2.4 billion).

Ethically eat previously set the issue price range to 210 shillings to 260 shillings. The source said, because the investor subscribe enthusiastically, lower than the price range of high-end purchase prices, will not be able to obtain ethically eat stock. The valuation of ethically eat will reach £ 1.47 billion (about 2.4 billion US dollars) at the 260 shilling issue price. Ethically eat will be traded on the London Stock Exchange on April 3.

With the gradual recovery of the UK economy, including the online home appliances retail website AO World, pet chain Pets at Home have been in the last quarter of the initial public offering. Last month, Boohoo.com, the UK online fashion retailer, made an IPO and Rose 40% on the first day of the IPO. According to the current stock price, Boohoo.com's market value has reached £ 615 million. The London Stock Exchange's initial public offerings have reached about $8 billion trillion this year, up more than a year earlier, according to Bloomberg statistics.

Ethically eat, founded in Denmark in 2001, is the UK's leading online booking website, with a revenue stream of "shelves" and an order split for restaurants, which handled 40 million orders last year. The company plans to open its platform to restaurants that do not offer takeout services and plans to expand through acquisitions. Ethically eat last year's revenue was 96.8 million pounds, up 61.9% from 2012, and the fundamental profit before interest, tax, depreciation and amortization was 14.1 million pounds, well over 2012 years ' worth of 2.3 million pounds.

Ethically eat says the average value of ordering meals online is 30% higher than the traditional phone order, because consumers need to think about what they want to eat before the phone is ordered, and the full menu is available online. The company currently operates in 13 countries, with the UK as its largest market. Ethically Eat's prospectus shows that Goldman Sachs and JPMorgan Chase, the investment bank, will act as their joint securities underwriters.