Dallas Salazar
IPOs, contrarian, long/short equity, long-term horizon

GrubHub: A History Of Smart Acquisitions And No Debt Make This IPO A Rare Opportunity

Who is GrubHub?

GrubHub Inc. (NYSE:GRUB) is the leading online and mobile platform for restaurant pick-up and delivery orders. They processed more than 135,000 combined Daily Average Grubs in 2013 and had approximately $1.3 billion of combined Gross Food Sales on their platforms in 2013. They connect local restaurants with hungry diners in more than 600 cities across the United States and are focused on transforming the takeout experience. They operate a software platform that has several variations available for tailoring to local restaurants and large corporations needs.

GrubHub Inc. is participating in an IPO on Friday, April 4th, 2014. They are expected to offer 7.03 million shares at between $23-$25 per share. Citi and Morgan Stanley are...

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