This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

What You Need to Know About Today's GrubHub IPO: StockTwits

NEW YORK (TheStreet) --

1.) GrubHub (GRUB) is a clear leader in its industry. It was founded 10 years ago and has over 28,000 restaurants connected to its app. It is also reaches over 600 cities.

Today, its IPO is expected to raise $192 million for the company, at a valuation near $2 billion:

At the IPO price, Grubhub will have a valuation of about $2B. Or almost 15x last year's revenue $GRUB http://stks.co/s0AqH -- Gordon Bowman (@gordonbowman) Apr. 3 at 09:26 PM

2.) There might be huge demand for the GrubHub IPO. The company had initially planned to price shares at $23, but several recent developments reveal that they are now offering 7.4 million shares at $26 per share.

Citigroup (C) and Morgan Stanley (MS) are the joint bookrunners in this IPO:

GrubHub prices upsized IPO at $26, above the $23-$25 range $GRUB $IPO #IPO http://stks.co/r0Az0 -- Renaissance Capital (@IPOtweet) Apr. 3 at 06:57 PM

3.) The GrubHub IPO could offer several clues into the strength of the market. Remember, the S&P 500 is still barely up 2% this year.

In addition, there are several more IPOs happening today as well. How will GrubHub hold up? Five9 (FIVN), Opower (OPWR), and IMS Health (IMS) are all also expected to IPO today:

TGIPOFriday. 4 debuts set for today. $FIVN priced below range. $IMS in middle of range. $OPWR at high end of range. And $GRUB above range. -- Paul La Monica (@lamonicabuzz) Apr. 4 at 08:12 AM

At the time of publication, the author held no positions in any of the stocks mentioned.

This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,947.42 +27.83 0.16%
S&P 500 1,983.72 +2.12 0.11%
NASDAQ 4,527.9120 +0.3980 0.01%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs