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CEO Bastian Lehmann could set the Postmates IPO date for some time in 2019, but anxious investors want to get their hands on Postmates stock now.
The stock price for Postmates' competitor, GrubHub Inc. (NYSE: GRUB), has skyrocketed 72.59% so far in 2017.
You see, the U.S. food home-delivery market is red hot right now. The market is expected to climb from $43 billion in 2017 to $76 billion by 2022, according to investment firm Cowen.
In just five years, that's an increase of 76.74%.
But investors are torn on whether to invest in GRUB in 2017, or hold out for Postmates to go public in 2019.
Today, we wanted to make sure Money Morning readers know the difference between the two services.
Also, we're going to provide you with a third option on how to play the U.S. food home-delivery business that may surprise you…
Ahead of the Postmates IPO Date, Here's What You Need to Know
Both GrubHub and Postmates have mobile apps for smartphones that allow customers to place orders.
Postmates, though, also delivers alcohol. You must be at least 21 years old to receive alcohol, and an account owner has to be present to accept the delivery.
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Postmates is a private company, so it hasn't released financial data on how much it's made through alcohol sales.
But the company's goal is to make $10 million through alcohol deliveries in Los Angeles and San Francisco in 2017, according to Recode. Lehmann said in January 2017 that the "time is right to really take new categories seriously," according to the aforementioned Recode report.
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As Postmates gets closer to an IPO, we're going to update Money Morning readers through our free IPO Profit Alerts service. Through Profit Alerts, you'll receive real-time recommendations about IPOs directly to your inbox.
But until the Postmates IPO, there's actually a third option for investing in the $43 billion U.S. food-delivery business that may surprise you.
And with this option, you won't have to wait…