Food Delivery Firm GrubHub Raises Expected Price Range For IPO

GrubHub Inc, the largest U.S. online food delivery services company, raised the expected price range for its initial public offering of 7.03 million shares to $23-$25 per share from $20-$22 per share.

The IPO is expected to raise about $176 million, based on the top end of the price range, the Chicago-based company said in a regulatory filing.