1/19/2024 0 Comments Seamless grubhub ipoThe delivery company boosted the IPO offering price, in an updated SEC Filing on Friday, to between 90.00 and 95.00 per share, up from 75. Grubhub went public on and raised $192.5M at a $2.7B valuation. DoorDash executives have launched their IPO roadshow. Grubhub has also made 10+ acquisitions including LevelUp (Grubhub acquired LevelUp in for a whopping $390M), Eat24 (Eat24 was acquired for $287.5M in Aug 3, 2017), Tapingo, Dashed, and Seamless among others. The company has also made a $300K investment in Realync on Aug 28, 2014. Grubhub's investors include Lightspeed Venture Partners, Benchmark, Yum! Brands, and T. Seamless is an online and mobile food ordering platform for regional restaurants active in the U.S. GrubHub Seamless the new name of the combined firm after GrubHub and Seamless merged is gearing up for an initial public offering by late 2014 or early 2015, reports The Deal. Grubhub's portfolio of brands includes Seamless, AllMenus, MenuPages, Eat24, LevelUp, and Tapingo. Grubhub has over 14.5 million active users and 80,000 associated restaurants across 1,700 cities in the United States as of Q1 2018. It boasts 2013 revenue of 137.1 million, which includes 12 months of sales generated on the Seamless platform plus about 5 months of sales generated on the GrubHub platform after the completion. The company is headquartered in Chicago, Illinois with additional offices in New York and London. (f/k/a Grubhub Seamless inc.) and adam DeWitt, granted in replacement of. Grubhub was founded in 2004 by by Matthew Maloney and Michael Evans. iPO) and its common stock is listed on the new york Stock exchange (the. Grubhub's online and mobile ordering platforms allow diners to order from more than 85,000 takeout restaurants in over 1,600 U.S. It operates as an online and mobile food-ordering company, which connects diners with local takeout restaurants. That was better than the company's previously expected range.Grubhub is a web commerce platform for ordering and delivering take-away food. With mobile ordering for take-out food growing quickly, competition in the space is heating up as GrubHub Seamless files for an initial public offering. The GrubHub family of brands also includes MenuPages and Allmenus. GrubHub, whose stock is trading on the New York Stock Exchange under the ticker symbol "GRUB," raised $192.5 million Friday after pricing more than 7.4 million shares at $26 each. The company merged with another online-ordering site Seamless last summer, but under the IPO the name will become solely Grubhub. Even online review site Yelp allows users to order takeout from its site, thanks to partnerships with Eat24 and. It's big news for the net-born companies, which began. The company plans to wind down its Salt Lake. In 2004, he and co-worker Mike Evans launched GrubHub, an online food-ordering service, in Chicago. Following a recent merger, and ahead of a potential IPO, online food delivery service GrubHub Seamless is looking to consolidate its U.S. (P2) It was just another hungry late night at work, but Matt Maloney sensed an opportunity. Rivals Eat24 and compete in some of the same major cities as GrubHub. Seamless, your favorite way to order food online, is gearing up for an initial public offering (IPO) through its parent company, Grubhub Inc. GrubHub and Seamless (P1) GrubHub co-founder Matt Maloney took his Chicago food ordering service from scrappy startup to a public company worth 3 billion. The company has 3.4 million active users and had revenue of $137.1 million in 2013, up 67 percent from the year before. GrubHub also owns and MenuPages, which post menus from restaurants across the country. "It's like a religion in New York," Maloney said. The profitable business - Seamless North America LLC was spun out of food-service provider Aramark Holdings in 2012 - and the upstart is the younger GrubHub with which it merged in 2013. However, it remains unclear how much the sale would raise or value the company. While more people use GrubHub, Seamless is popular along the East Coast. The GrubHub Seamless IPO could launch as soon as the first half of this year. GrubHub and Seamless merged in August, but both still operate separately. The company also owns Seamless, another online takeout company. GrubHub launched national TV campaigns last year to convert people to online ordering. GrubHub said it had net income of 6.75 million in 2013, a decline of 15 percent year over year, even though sales climbed 67 percent, fueled in part by the merger with Seamless. CEO Matt Maloney said most people in the country are still ordering food with a paper menu and a telephone call.
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