Saturday, 1 March 2014

GrubHub Files For $100 Million IPO

From Mashable

GrubHub filed paperwork with the SEC on Friday for a $100 million public offering.


The online food delivery company, which previously went by the name GrubHub Seamless, has applied to trade with the ticker "GRUB" on the New York Stock Exchange.


See also: 8 Tech Companies That May Go Public in 2014


According to the filing, GrubHub posted profits of $6.7 million on revenue of $137 million in 2013. While revenue is on the rise, the company's net income has declined rapidly in recent years, which may prove to be a red flag for potential investors.

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