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

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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

See also: 8 Tech Companies That May Go Public in 2014

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 from the offering

Special Delivery: $GRUB. Watch @GrubHub's #NYSEBell & #NYSEIPO: http://t.co/r2gUni2Mcb #LIVE http://ift.tt/1hJ401m

— (NYX) NYSE Euronext (@NYSEEuronext) April 4, 2014 Read more...

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