Investors sent shares of online food ordering service GrubHub Inc. jumped 51 percent to $39.20 in early trading in its stock market debut Friday.
The Chicago company says in a regulatory filing today that it also anticipates selling about 7 million shares in the IPO. The shares will be priced between $20 and $22 each.
Could Chicago become the Silicon Valley of the Midwest? If Mayor Rahm Emanuel gets his way, it’s a very real possibility.
Chicago-based GrubHub is moving its headquarters from the city’s Near Northwest Side to the heart of the Loop.
One Chicago company has done really well in this down economy, partly because they help other businesses to do the same. Thursday is the 8th anniversary of Chicago startup Grubhub, a website for the very hungry; and yes, they are hiring.
It’s time for Silicon Valley to move over, because a new report Monday says Chicago is becoming a bigger player in the high-tech industry.