GrubHub IPO: Food Delivery Company Debuts Under "GRUB," Raises $190 Million

GrubHub Inc., the company behind popular food delivery websites and apps like Seamless and GrubHub, made its initial public offering Friday, hitting the New York Stock exchange under the ticker "GRUB." The stock opened at $26 per share and surged 40 percent during the opening day of trading. If that price holds through the closing bell, GrubHub would raise more than $190 million from its IPO, valuing the company at about $2 billion.