As expected, GrubHub Inc filed for an initial public offering to sell up to $100 million in stock in order to finance its growth.
Strong recent growth
The recent growth at GrubHub has been strong. According to GrubHub’s S-1 filing, the firm, formerly known as GrubHub Seemless, had a 67% increase in revenue from 2012, generating $137 million on over 135,000 orders, or approximately $1.3 billion in food sales.
A profitable tech startup
Perhaps more significant, the internet tech start up showed a profit, with net income of $6.7 million. The company connects diners to over 28,000 restaurants in 600 cities across the US primarily through the Internet, and 43% of...
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