GrubHub prices upsized IPO at $26, above the $23-$25 range

By
A A A

GrubHub, an online portal for food delivery service supporting 28,800 restaurants in 600 cities, raised $193 million by offering 7.4 million shares (46% insider) at $26, above the upwardly revised $23 to $25 range. The company offered 376,000 more shares (all insider) than anticipated. At its offer price, GrubHub commands a fully diluted market cap of $2.2 billion (enterprise value of $2.0 billion). GrubHub will list on the NYSE under the symbol GRUB. Citi and Morgan Stanley were the joint bookrunners on the deal.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: News Headlines , IPOs

Referenced Stocks: GRUB

Renaissance Capital

Renaissance Capital

More from Renaissance Capital:

Related Videos

Stocks

Referenced

Most Active by Volume

53,418,305
  • $13.79 ▼ 4.24%
45,574,447
  • $12.97 ▲ 7.10%
43,101,463
  • $45.885 ▲ 1.92%
28,254,859
  • $104.96 ▲ 0.12%
26,551,188
  • $13.48 ▲ 9.06%
25,771,393
  • $11.26 ▲ 3.97%
23,776,196
  • $20.195 ▼ 12.65%
23,262,885
  • $16.615 ▲ 0.09%
As of 10/24/2014, 01:48 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com