As traders lined up on the floor of the New York Stock Exchange to make initial bids for shares of GrubHub, which went public Friday, a floor manager told several employees that he liked the company, but its competitor Seamless had more of a market presence by his home in Long Island. Buoyed by GrubHub's immediate bump on the market--shares opened at $40, well above the $26 list price, and have stayed around $35 for a 35% first-day bump--the employees just grinned.
As Investors Feast On GrubHub's IPO, Its CEO Explains The Future For Seamless And Its Other Brands
Forbes - 4 Apr 2014 21:34
As traders lined up on the floor of the New York Stock Exchange to make initial bids for shares of GrubHub, which went public Friday, a floor manager told several employees that he liked the company, but its competitor Seamless had more of a market presence by his home in Long Island. Buoyed by GrubHub's immediate bump on the market--shares opened at $40, well above the $26 list price, and have stayed around $35 for a 35% first-day bump--the employees just grinned.
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