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…
GrubHub Plans $100 Million IPO
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.