Arab Today, arab today grubhub shares soar on debut up 40 in early trading
Last Updated : GMT 06:51:55
Arab Today, arab today
Arab Today, arab today

GrubHub shares soar on debut, up 40% in early trading

Arab Today, arab today

Arab Today, arab today GrubHub shares soar on debut, up 40% in early trading

New York - UPI

Online food ordering company GrubHub had a dream start to its initial public offering, surging more than 40 percent in early trading to $37 per share. GrubHub had priced its 6.4 million shares at $26 Thursday, with the company raising $200 million in the deal. The company is promising and delivering strong growth to investors, which seems to have been reciprocated with a strong showing by tech investors. The company generated $137.1 million in 2013, 67 percent higher than the last year. The company is profitable, making $6.7 million last year, differentiating it from many other loss-making companies going public. At current levels the company is valued at $2.8 billion. The company was formed last year through a merger of Chicago-based GrubHub and New York-based Seamless, and was named GrubHub Seamless. Last year, the company attracted 3.4 million "Active Diners" and more than 28,000 affiliated restaurants. The company is facing a potential lawsuit by a software company in San Diego that claims GrubHub and other online ordering companies are violating patents related to online order-synching technology and online menus.

arabstoday
arabstoday

GMT 21:25 2017 Wednesday ,24 May

Egypt bourse rebounds at beginning of trading

GMT 03:39 2017 Wednesday ,24 May

Saudi stocks drag lower before Ramadan

GMT 05:41 2017 Tuesday ,23 May

Tadawul index stays almost flat

GMT 20:24 2017 Saturday ,20 May

US Stocks Close Higher

GMT 17:28 2017 Thursday ,18 May

Saudi stocks rise in heavy trading

GMT 21:37 2017 Wednesday ,17 May

US Stocks Close Mixed

GMT 04:58 2017 Wednesday ,17 May

Tadawul index gains 0.7%
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today grubhub shares soar on debut up 40 in early trading Arab Today, arab today grubhub shares soar on debut up 40 in early trading

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today grubhub shares soar on debut up 40 in early trading Arab Today, arab today grubhub shares soar on debut up 40 in early trading

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today Sally Shaheen considers hosting a political show

GMT 21:25 2017 Wednesday ,24 May

Egypt bourse rebounds at beginning of trading

GMT 03:39 2017 Wednesday ,24 May

Saudi stocks drag lower before Ramadan

GMT 05:41 2017 Tuesday ,23 May

Tadawul index stays almost flat

GMT 20:24 2017 Saturday ,20 May

US Stocks Close Higher

GMT 17:28 2017 Thursday ,18 May

Saudi stocks rise in heavy trading

GMT 21:37 2017 Wednesday ,17 May

US Stocks Close Mixed

GMT 04:58 2017 Wednesday ,17 May

Tadawul index gains 0.7%
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday