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March 17, 2014 AT 6:04 AM
Just Eat, an online food ordering service, has announced plans to float its shares on the London Stock Exchange. The company, which lets customers order takeout food from local restaurants, plans to raise $166 million in an initial public offering to expand its service. The firm, which was founded in 2001 in Denmark, operates in 13 countries including Britain, France, Canada, Ireland and Spain.