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GrubHub raises IPO size to $177.9 Million

GrubHub Inc.,the online food-ordering service, is planning to raise its initial public offering size up to $177.9 million from $100 million. It will offer 7 million shares and the price will be in between$20 to $22 per share.

Last year, GrubHub had about 3.4 million active users and processed daily order of 135,000 orders and generated revenue of $137.1 million up 67 percent from last year.

The company has merged with Seamless, rival online ordering restaurant takeout since last august.

GrubHub will list on the New York Stock Exchange under the symbol "GRUB".

This might be another company to put on your wish list for the IPO stock.