GrubHub Seamless Files for Tastiest Tech IPO Yet
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.
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.