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Allen & Company Sun Valley Conference

GrubHub Files for IPO

Investors looking to whet their appetite will soon have something new to sink their teeth into: GrubHub announced its plans Friday for a $100 million initial public offering. In a filing with the Securities and Exchange Commission, the food-delivery service said it plans to list on the New York Stock Exchange under the ticker symbol "GRUB." The announcement confirms last week's speculation that the company filed for a confidential IPO.GrubHub connects hungry consumers with independent restaurants through an online ordering platform that can be accessed from a PC or mobile device. The company partners with 61% of all U.S. restaurants across 600 U.S. cities. Last year, GrubHub processed 135,000 deliveries, called Daily Average Grubs, amassing $1.3 billion of combined food gross food sales. In 2013, GrubHub said it generated $137.1 million in revenue, a 67% increase from the year prior. In it's filing, GrubHub said it believes Americans spent about $67 billion on takeout at its partner re...

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  3. Where Are They Now? Revisiting Key Players From '08 Crisis

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  5. Exclusive: Compuware takes another shot at a sale - sources

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  6. Malone, cable deals in spotlight at Sun Valley conference

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  7. Is It Time to Take a Break From Your Business?

    Taking a long break from work isn't easy -- especially when you own a small business. But sometimes, it's essential.

  8. News Corp Partners With Bank to Aid in Sale of Videogame Website

    News Corp. (NWS, NWSA) is working with investment bank Allen & Co. on an auction to sell its network of videogame and entertainment websites, known as IGN Entertainm...

  9. Workday Prices IPO At $28, Above Expected Range

    Workday Inc. priced its initial public offering late Thursday at $28 per share, above its expected range of $24-$26 per share. The provider of cloud-based enterprise...

  10. NY Times to Sell Interest in Indeed

    The New York Times Co (NYSE:NYT) will sell its remaining interest in jobs search website Indeed.com, which is being acquired by Japan's executive search firm Recruit...

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    Vivendi S.A.'s (VIV.FR) Universal Music Group is looking to unload as much as $350 million of its assets in order to win European Commission approval of its purchase...

  12. Report: Apple Wants to Sell TV Boxes to Cable Customers

    Attempting to grow its influence in the living room, Apple (NASDAQ:AAPL) has reportedly asked cable operators to let consumers use an Apple device as a set-top box f...

  1. Home Insurers are Now Sending its Own Firefighters

    When Western wildfires consumed parts of Arizona, California, Colorado, Idaho and Oregon last summer, it surprised many Americans to see private crews deployed by ho...

  2. Banks Will Bring In Millions From Comcast Deal

    The ink is barely dry on Comcast Corp.'s deal to purchase Time Warner Cable Inc., and already people are starting to guess how much money Wall Street will make in th...

  3. Banks set to earn $143 million in Comcast, Time Warner Cable deal fees

    Comcast Corp's proposed $45.2 billion merger with Time Warner Cable Inc would generate as much as $143 million in investment banking fees, providing a rare boon to W...

  4. Comcast to Buy Time Warner Cable for $45.2B

    Comcast Corp (NASDAQ:CMCSA) said on Thursday it would buy Time Warner Cable Inc (NYSE:TWC) for $45.2 billion in an all-stock deal that combines the two largest U.S. ...

  5. America’s coolest outdoor rinks

    Sculpture Garden Pavilion: Washington, DC http://global.fncstatic.com/static/managed/img/fn2/travel/icerinkskaters.jpgIt’s a skating session plus an art stroll. This...

  6. Update: Business Insider looking to raise $10M

    Business Insider is in the process of a venture financing round of around $10 million, Fox Business has confirmed. This would be the sixth round for business blog, a...

  7. Should Microsoft Spin Off Consumer Business?

    The private investment firm of Microsoft (NASDAQ:MSFT) co-founder Paul Allen reportedly wants the tech giant to consider spinning off its consumer business, which in...

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