What You Need to Know About GrubHub's NYSE Market Debut
GrubHub, which makes its money by taking a cut from restaurants when an order is placed through one of its websites, said revenue soared 67% over 2013 to $137.1 million.
GrubHub will make its market debut on Friday in an offering which will value the company at around $2.04 billion. The online food delivery company priced shares of its common stock at $26 a share, higher than its earlier price range of between $23 and $25 a share. GrubHub, which makes its money by taking a cut from restaurants when an order is placed through one of its websites, said revenue soared 67% over 2013 to $137.1 million. By the end of the year, GrubHub had 3.4 million active users.
