Just Eat, a leading online takeaway food service, has said that it is planning to launch its own Initial Public Offering (IPO) on the London stock market next month.

The company is planning to raise £100 million in the issue, which is expected to vale the company at between £700 million and £900 million. The company's IPO comes after a host of flotation form firms including Poundland, Pets at Home, online white goods retailer AO and fashion website boohoo. com in recent weeks.

Just Eat was founded in Denmark when it started offering a platform for takeaway food merchants in the country. The company's biggest market is the UK at present as two thirds of its revenue was generated in the UK. The company has a presence in 13 markets including Ireland, Canada and Spain.

Just Eat's chief executive, David Buttress pointed out that it is an international business and not dependent on just one market. He said that they site links 16,000 restaurants outside the UK. He said, "This is a completely technology-enabled company. We take 900 orders every minute, every restaurant has a Just Connect terminal and that has taken many years to build.