GrubHub filed paperwork with the SEC on Friday for a $ 100 million public offering.
The online food delivery company, which previously went by the name GrubHub Seamless, has applied to trade with the ticker “GRUB” on the New York Stock Exchange.
According to the filing, GrubHub posted profits of $ 6.7 million on revenue of $ 137 million in 2013. While revenue is on the rise, the company’s net income has declined rapidly in recent years, which may prove to be a red flag for potential investors
“While our revenue has grown in recent periods, this growth rate may not be sustainable and we may not realize sufficient revenue to maintain profitability,” the company notes in its filing...Read More