GrubHub Delivers Successful IPO as Stock Jumps 50% on Market Debut
By Seth Fiegerman
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 here: GrubHub Delivers Successful IPO as Stock Jumps 50% on Market Debut