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Should I Buy GrubHub stock

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GrubHub (NYSE: GRUB) Stock Surges After IPO; How It Can Keep Climbing

By , Associate Editor, Money Morning • @KyleAndersonMM -

GrubHub Inc. (NYSE: GRUB) is the latest initial public offering (IPO) to take the market by storm in 2014, opening at $40 today (Friday), or 54% higher than its offer price. Through the IPO, the company raised $192 million, which easily beat previous projections.

The money raised in the IPO gives GRUB a valuation of approximately $2 billion.

Title: NYSE: GRUB - Description: NYSE: GRUBGrubHub priced its shares at $26 on Thursday, which was above its proposed range of $23 to $25 per share. The GrubHub IPO had been gaining momentum for weeks, as the company revised its range last week from an initial range of $20 to $22.

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