For all the online companies out there, GrubHub Inc. (NYSE: GRUB) stock is certainly one of the better picks.
But those other online companies have really little to be proud of - which leaves investors to wonder, "Should I buy GrubHub stock?"
By Jim Bach, Associate Editor, Money Morning • @JimBach22 -
For all the online companies out there, GrubHub Inc. (NYSE: GRUB) stock is certainly one of the better picks.
But those other online companies have really little to be proud of - which leaves investors to wonder, "Should I buy GrubHub stock?"
By Jim Bach, Associate Editor, Money Morning • @JimBach22 -
For all the online companies out there, GrubHub Inc. (NYSE: GRUB) stock is certainly one of the better picks.
But those other online companies have really little to be proud of - which leaves investors to wonder, "Should I buy GrubHub stock?"
We break down the company here...
By Kyle Anderson, 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.
GrubHub 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.