GrubHub raises $193M in IPO, more than expected

Before you go, we thought you'd like these...
Before you go close icon
Previewing Grubhub's IPO


NEW YORK (AP) - Investors seem ready to eat up GrubHub.

The online food delivery company has raised $192.5 million in its initial public offering, more than it expected.

GrubHub priced 7.4 million shares at $26 each, up from its expected sale of 7 million shares for $23 to $25 each. That was already an increase from its projections in March and February. And the banks managing the deal could still buy another 1.1 million shares, further boosting proceeds.

GrubHub, based in Chicago, also owns the Seamless food ordering website. The company connects nearly 29,000 restaurants with users in more than 600 U.S. cities. At the end of 2013, about 3.4 million people had placed an order through GrubHub websites in the past year.

Shares are to begin trading Friday.

Read Full Story

Sign up for Breaking News by AOL to get the latest breaking news alerts and updates delivered straight to your inbox.

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners

Nature Gets Revenge On Safari Hunter Who Killed Elephants And Lions For Sport Nature Gets Revenge On Safari Hunter Who Killed Elephants And Lions For Sport
Man Suspects His Wife Is Cheating On Him - Then His Daughter Reveals What's Really Going Man Suspects His Wife Is Cheating On Him - Then His Daughter Reveals What's Really Going
20 Folks Recall Shocking Interview Moments That Made Them NOT Want the Job 20 Folks Recall Shocking Interview Moments That Made Them NOT Want the Job