Share This Article

Facebook LinkedIn
Twitter Reddit
Print Email
Pinterest Gmail
Yahoo
Money Morning
×
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • AI Investing
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
  • Retire
    • Income Investing Guide
    • Retirement Articles
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
    • Postcards
Login Archives Your Team About Us FAQ
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • AI Investing
    ×
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
    ×
  • Retire
    • Income Investing Guide
    • Retirement Articles
    ×
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
    • Postcards
    ×
  • Subscribe
Enter stock ticker or keyword
×
Join 100,000+ Like-Minded Investors Today
Twitter
Tags: IPOs
Stocks: KEY

GrubHub IPO: Mobile Market Key to GrubHub's Success

By Kyle Anderson, Associate Editor, Money Morning • @KyleAndersonMM • April 1, 2014

Start the conversation

Leave a Reply Click here to cancel reply.

You must be logged in to post a comment.

Investors can add another deal to the 2014 IPO calendar, with the GrubHub IPO expected to take place on Thursday, April 3.

Today, Grubhub officials announced that they have upped the price range on Grubhub stock to $23 to $25, from a previous range of $20 to $22.

Last week, GrubHub officials announced that they plan to raise approximately $155 million in an initial public offering by selling 7.03 million shares.

That would value the company at approximately $1.72 billion.

GrubHub IPOGrubHub allows users to place pick-up and delivery orders for restaurants either online or through a smartphone app. Currently, it is the largest online food delivery services provider in the United States. 

As of Dec. 31, 2013, GrubHub has worked with 28,800 restaurants and boasts a customer base of 3.4 million active users. The company also averaged 135,000 orders processed daily in 2013.

For the full year 2013, GrubHub reported revenue of $137.1 million, which was an increase of 67% from 2012. However, the company did watch its net profit fall more than 16% in 2013 to $6.8 million from $7.9 million in 2012.

GrubHub will trade on the New York Stock Exchange under the ticker "GRUB." Citigroup Inc. (NYSE: C) and Morgan Stanley (NYSE: MS) will be the lead underwriters on the IPO.

The company stated that 4 million of its shares will be sold to investors and the remaining 3.03 million will be offered to insiders such as venture capital firms like Goldman Sachs Group Inc. (NYSE: GS), Warburg Pincus, Thomas H. Lee Partners, and Benchmark Capital.

Looking past the basics of the GrubHub IPO, here's a factor that investors will want to watch closely ahead of the deal...

Mobile Industry Key to GrubHub IPO

While analysts will point to GrubHub's shrinking profit margin as an area of concern, one major bright spot is the company's growth in the mobile space.

Here Are 10 “One-Click” Ways to Earn 10% or Better on Your Money Every Quarter

Appreciation is great, but it’s possible to get even more out of the shares you own. A lot more: you can easily beat inflation and collect regular income to spare. There are no complicated trades to put on, no high-level options clearances necessary. In fact, you can do this with a couple of mouse clicks – passive income redefined. Click here for the report…

Claim My Free Report

Subscribe
Login
Notify of
guest

guest

0 Comments
Inline Feedbacks
View all comments


Latest News

September 25, 2023 • By Shah Gilani

earnings
This Stock Is Yielding Over Double the Inflation Rate Right Now

September 22, 2023 • By Shah Gilani

earnings
Why the Fed's "Higher for Longer" Message on Interest Rates is Bogus

September 22, 2023 • By Tom Gentile

This is the Top 'Worst-in-Breed' Stock Heading into October
Trending Stories
ABOUT MONEY MORNING

Money Morning gives you access to a team of market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.

QUICK LINKS
About Us COVID-19 Announcements How Money Morning Works FAQs Contact Us Search Article Archive Forgot Username/Password Archives Profit Academy Research Your Team Videos Text Messaging Terms of Use
FREE NEWSLETTERS
Total Wealth Research Power Profit Trades Penny Hawk Midday Momentum
PREMIUM SERVICES
Money Map Press Home Money Map Report Fast Fortune Club Weekly Cash Clock Microcurrency Trader Hyperdrive Portfolio Rocket Wealth Initiative Quantum Data Profits Flashpoint Trader Darknet Alpha Accelerators Brutus Alerts Resource Traders Alliance L.A.U.N.C.H. Investor Rob Roy Trader Long-Term Equity Profits

© 2023 Money Morning All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning.

Address: 1125 N Charles St. | Baltimore, MD, 21201 | USA | Phone: 888.384.8339 | Disclaimer | Sitemap | Privacy Policy | Whitelist Us | Do Not Sell or Share My Personal Information

wpDiscuz