Just Eat Takeaway exits London Stock Exchange after a decade

Just Eat Takeaway announced on Wednesday that it will delist from the London Stock Exchange (LSE) next month, marking a setback for the U.K.’s efforts to attract more high-growth tech firms to its stock market.

The decision comes 10 years after the food delivery giant made its debut on the LSE with a valuation of £1.47 billion ($2.44 billion) and a starting share price of 260 pence.

The company explained its decision, citing a desire to “reduce the administrative burden, complexity and costs associated with the disclosure and regulatory requirements of maintaining the LSE listing, and in the context of low liquidity and trading volumes,” CNBC reported. Its shares fell by 1.5% following the announcement.

According to CNBC, Just Eat Takeaway has formally requested the LSE and the Financial Conduct Authority to cancel its listing, leaving the Amsterdam Stock Exchange as its sole trading venue. The delisting is scheduled to take effect at 8 a.m. London time on December 27, with December 24 as the final trading day for its shares on the LSE.

This move follows a broader restructuring effort by Just Eat Takeaway, including its recent agreement to sell its GrubHub business to New York-based startup Wonder for $650 million—a significant markdown from the $7.3 billion it paid for the company in 2020.

Last month, Just Eat Takeaway partnered with e-commerce firm Rokt to integrate AI-driven post-purchase ad solutions into its platforms, part of its ongoing effort to optimize revenue streams.

The company, originally founded in Denmark in 2001 by Jesper Buch and four co-founders, merged with Takeaway.com in 2020. Today, Just Eat operates in 19 countries, including the U.K., U.S., and Germany, under various regional brands. Its partner Takeaway.com offers delivery services in 23 cities across five countries, primarily for restaurants without in-house delivery capabilities.