This Day On The Street
Continue to site
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

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

NEW YORK (TheStreet) --

1.) GrubHub (GRUB - Get Report) 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

-- 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

-- 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 (^GSPC) 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.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
GRUB $28.67 0.63%
AAPL $108.41 -2.10%
FB $90.58 -2.00%
GOOG $627.51 -2.30%
TSLA $223.21 -3.80%


Chart of I:DJI
DOW 16,898.49 -13.80 -0.08%
S&P 500 1,995.83 +15.91 0.80%
NASDAQ 4,758.6880 -32.4640 -0.68%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs