![]() These include Facebook ( FB), up 82.0% since its IPO, Twitter ( TWTR), up 26.1%, and LinkedIn ( LNKD), up triple-digits. Most of the companies that went public last year have outperformed the broad markets and many generated triple-digit returns. As per IPO research intelligence Renaissance Capital, 2013 was the banner year for the IPO market, as 222 companies completed their IPOs, raising nearly $55 billion. The 2013 IPO market delivered its best performance in more than a decade. Considering Foursquare's user base of over 45 million, we believe that this significantly expands GrubHub’s reach. Most recently, GrubHub Seamless announced a partnership with Foursquare that will allow Foursquare users to order takeout directly through the app available on all iOS and Android devices. They use their mobile devices to find out restaurant locations, check out menus and read reviews. According to a new study by the Interactive Advertising Bureau (:IAB) and Viggle, approximately 69% of consumers order food online using a mobile device. The frequent use of tablets and smartphones has fueled the growth in the online food ordering market. GrubHub Seamless is making great progress to improve revenues, thanks mostly to a surge in mobile users and increasing demand for online food ordering services. Given the lack of details, it is reasonable to assume that a GrubHub Seamless IPO still might be some way off, but it is worth speculating whether the company will be a good investment. No details were made available beyond the confidential announcement. ![]() The company is expected to launch the IPO in the first half of the year. GrubHub Seamless’ filing can be kept confidential as that the law allows any company with less than $1 billion in revenues in the past fiscal year can initially file an IPO secretly with regulators. From there, he lead GrubHub through 5 financing rounds, a couple of acquisitions, a merger, and ultimately an IPO. However, it remains unclear how much the sale would raise or value the company. Mike wrote version one of in 2004, then armed with a Sales for Dummies book, he bootstrapped the business for two years. In 2012, the company generated sales of more than $100 million. The GrubHub Seamless IPO could launch as soon as the first half of this year. online food ordering services merged in May 2013. It was formed when Chicago-based Grubhub and New York-based Seamless two of the leading U.S. The combined entity processes about 150,000 customer orders on a daily basis. GrubHub Seamless is a mobile and online food-ordering company with a catalogue of more than 26,500 take-out restaurants in roughly 600 U.S. Online food delivery service GrubHub Seamless has filed confidentially to go public as soon as the first half of this year, the Wall Street Journal reported on Thursday. online food ordering services - merged in May 2013. It was formed when Chicago-based Grubhub and New York-based Seamless - two of the leading U.S. GrubHub Seamless is a mobile and online food-ordering company with a catalogue of more than 26,500 take-out restaurants in roughly 600 U.S. has made a confidential filing with the Securities and Exchange Commission for an initial public offering ( IPO). Restaurants pay a percentage of each order to the online delivery service.Reportedly, GrubHub Seamless Inc. The service frees restaurants from some of the labor-intensive order taking and allows consumers to quickly shop, compare and pay without picking up a phone.īut there is intense competition in the marketplace, in part because restaurants don’t have to commit to offering online ordering through just one company. An active diner is considered a unique diner account that has placed an order in the last year.Ĭompanies like GrubHub contract with restaurants, mostly in large metropolitan areas, and allow customers to shop online by food type, cuisine, or restaurant name to find what they want and have it delivered or prepared before pickup. ![]() It had 3.4 million active diners at the end of the yearend. The Chicago company, formerly known as GrubHub Seamless, connects more than 28,000 restaurants with diners in more than 600 U.S. Its other brands include MenuPages and Allmenus. In August it completed a combination with rival Seamless for an undisclosed amount. ![]() The startup was founded in 2004, making its name catering to college students and through its quirky social media activities. CHICAGO - Online delivery company GrubHub plans to raise up to $100 million through an initial public offering. GrubHub said it had net income of 6.75 million in 2013, a decline of 15 percent year over year, even though sales climbed 67 percent, fueled in part by the merger with Seamless.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |