GrubHub Delivers Successful IPO as Stock Jumps 50% on Market Debut

By Seth Fiegerman

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The GrubHub IPO really delivered.

GrubHub stock opened at $40 a share on its first day of trading Friday, up from its IPO price of $26. The stock dipped down to the mid-$30 range in the first minutes of trading, before climbing back up. As of publication, it was up by about 50% from its IPO price

The food delivery company filed paperwork to go public at the end of February after months of rumors. The company had initially planned to raise $193 million …read more

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