GrubHub prices IPO at $26

GrubHub's (GRUB) IPO price is above an elevated $23-$25 range, and good for a market cap of $2.04B (a steep 15x trailing sales). The online food delivery/take-out platform upsized its offering to 7.4M shares from an original 7.03M.

Shares begin trading tomorrow. The history of recent tech IPOs that have seen similar pricing activity suggests GrubHub's debut should be a strong one.

Prospectus, IPO analysis

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Comments (1)
  • Kenjisan
    , contributor
    Comments (49) | Send Message
    Here comes another garbage IPO.
    4 Apr 2014, 03:44 AM Reply Like
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