Seeking Alpha

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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