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"The GrubHub IPO really delivered.\nGrubHub 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. \nSee also: 8 Tech Companies That May Go Public in 2014\nThe 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. \n\nSpecial Delivery: $GRUB. Watch @GrubHub's #NYSEBell &amp; #NYSEIPO: http://t.co/r2gUni2Mcb #LIVE pic.twitter.com/G3TEdhxZZf\n\u2014 (NYX) NYSE Euronext (@NYSEEuronext) April 4, 2014\n\nIn its filing with the SEC, GrubHub revealed that it generated $137 million in revenue in 2013, up 67% from the previous year. Unlike some other recent tech companies that have gone public, GrubHub also posted a profit for the year of $6.7 million. However, one red flag for the company is that its profit has been on the decline in recent years. \nThe Chicago company was founded a decade ago and merged with Seamless, a rival service, in 2013.\nSeveral notable Internet companies have already gone public this year, with mixed success, including Care.com, Coupons.com and King Entertainment, maker of the popular game Candy Crush Saga. Box, a cloud storage company, recently filed for a $250 million IPO. \n\nGrubHub stock opened at $40 a share, well above its IPO price of $26, and dipped slightly in early trading Friday.Image:  Yahoo Finance\nWe've rung a lot of bells in our time, but this is by far the biggest one. $GRUB #IPO on #NYSE! pic.twitter.com/SQWShGh5uT\n\u2014 Seamless (@Seamless) April 4, 2014\n\nHave something to add to this story? Share it in the comments.\n      window._msla=window.loadScriptAsync||function(src,id){if(document.getElementById(id))return;var js=document.createElement('script');js.id=id;js.src=src;document.getElementsByTagName('script')[0].parentNode.insertBefore(js,fjs);};\n_msla(\"//platform.twitter.com/widgets.js\",\"twitter_jssdk\");"^^<http://www.w3.org/2001/XMLSchema#string>
<http://mashable.com/2014/04/04/grubhub-goes-public/>