GrubHub IPO Raises $192.5 Million - NBC Chicago
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GrubHub IPO Raises $192.5 Million



    Investors seem ready to eat up GrubHub.

    The Chicago-based online food delivery company has raised $192.5 million in its initial public offering, more than it expected.

    GrubHub priced 7.4 million shares at $26 each, up from its expected sale of 7 million shares for $23 to $25 each. That was already an increase from its projections in March and February. And the banks managing the deal could still buy another 1.1 million shares, further boosting proceeds.

    GrubHub also owns the Seamless food ordering website. The company connects nearly 29,000 restaurants with users in more than 600 U.S. cities. At the end of 2013, about 3.4 million people had placed an order through GrubHub websites in the past year.

    Weekend Web:

    [CHI] Weekend Web:
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    (Published Sunday, July 15, 2012)

    Shares are to begin trading Friday.