GrubHub Seamless Files for Tastiest Tech IPO Yet

GrubHub Seamless Files for Tastiest Tech IPO Yet
Image credit: GrubHub
  • ---Shares
Free Webinar | August 16th

Find out how to optimize your website to give your customers experiences that will have the biggest ROI for your business. Register Now »

In a time when tech IPOs are sweeping the U.S., GrubHub Seamless is one of the tastiest companies to go public yet.

GrubHub Seamless, online food delivery service, has filed for a confidential initial public offering, according to The Wall Street Journal, citing people familiar with the matter.

The GrubHub Seamless IPO could launch as soon as the first half of this year. However, it remains unclear how much the sale would raise or value the company.

Related: In Going Public, Candy Crush Maker Hopes Investors Have a Sweet Tooth

GrubHub Seamless was created last year when the two largest online food delivery services, New York-based Seamless and Chicago-based GrubHub, merged. The website now serves 600 cities, with about 28,000 restaurants available for delivery. The company generated more than $100 million in revenue in 2012.

The tech IPO is becoming a familiar story, especially in the consumer-tech field. In 2013, more than 200 U.S. listed IPOs came to market. Many of these were tied to consumer-tech, including online coupon company RetailMeNot and e-commerce company Zulily. 2014 promises continue the trend, as online coupon company Coupons.com Inc. and digital camcorder company GoPro Inc. have already filed for IPOs this year. 

Related: Cloud-Based Tech Companies Are Hot IPO Candidates (Infographic)

Edition: July 2017

Get the Magazine

Limited-Time Offer: 1 Year Print + Digital Edition and 2 Gifts only $9.99
Subscribe Now
OK

This website uses cookies to allow us to see how our website and related online services are being used. By continuing to use this website, you consent to our cookie collection. More information about how we collect cookies is found here.