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GrubHub orders up near-$2B valuation following IPO

A recent GrubHub subway ad

Above: A recent GrubHub subway ad

Image Credit: GrubHub
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IPO-bound GrubHub doesn’t seem to know what its worth. Today marks yet another amendment to the food delivery giant’s IPO plans.

First, GrubHub planned to raise just $100 million at a $1.3 billion valuation. Then, it was bumped to $148 million at a max valuation of $1.72 billion. Last week, that figure rose to $180 million at $1.72 billion. Now, that figure is up again — this time to $1.9 billion, Forbes reports.

Grubhub’s IPO plans have been rumored since November 2013, following the company’s merger with Seamless. You can view the original IPO filing here.

Check back tomorrow for the next amendment.

 

More information:

GrubHub is the nation's leading online and mobile food ordering platform that shows diners local restaurants available for delivery or pick up. Available in more than 300 cities across the nation, GrubHub features more than 13,000 onli... read more »

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