CHICAGO, April 3, 2014 /PRNewswire/ -- GrubHub Inc.
("GrubHub") (NYSE: GRUB), the nation's leading online and
mobile food ordering company dedicated to connecting hungry diners
with local takeout restaurants, today announced the pricing of its
Initial Public Offering of 7,405,614 of its common stock at a price
to the public of $26.00 per share. In addition, GrubHub has
granted the underwriters a 30-day option to purchase up to an
additional 1,110,842 shares of common stock from certain selling
stockholders at the Initial Public Offering price. The shares are
expected to begin trading on the New York Stock Exchange
on April 4, 2014.
Citigroup and Morgan Stanley are acting as joint book-running
managers for the offering. Allen & Company LLC, BMO
Capital Markets Corp., Canaccord Genuity Inc., Raymond James & Associates, Inc. and
William Blair & Company, L.L.C.
are acting as co-managers for the offering.
A registration statement relating to these securities has been
filed with, and on April 3, 2014, was declared effective
by the U.S. Securities and Exchange Commission. This press
release shall not constitute an offer to sell or a solicitation of
an offer to buy, nor shall there be any sale of these securities in
any state or jurisdiction in which such an offer, solicitation or
sale would be unlawful prior to registration or qualification under
the securities laws of any such state or jurisdiction.
The offering is being made only by means of a prospectus. A copy
of the final prospectus related to the offering may be obtained,
when available, from Citigroup, c/o Broadridge Financial Solutions,
1155 Long Island Ave., Edgewood,
NY 11717 or by calling (800) 831-9146; and Morgan Stanley at
Attention: Prospectus Department, 180 Varick Street, 2nd Floor,
New York, NY 10014 or by calling
(866) 718-1649.
Forward-Looking Statements:
This press release
contains forward-looking statements, which are subject to
substantial risks, uncertainties and assumptions. You should not
place reliance on these statements. Forward-looking
statements include information concerning the offering. These
statements often include words such as "believe," "expect,"
"anticipate," "intend," "plan," "estimate," "seek," "will," "may"
or similar expressions. Although we believe that the
expectations reflected in the forward-looking statements are
reasonable, we cannot guarantee that we will effect the offering.
Accordingly, you should not place undue reliance on these
forward-looking statements. All such statements speak only as of
the date made, and we undertake no obligation to update or revise
publicly any forward-looking statements, whether as a result of new
information, future events or otherwise.
SOURCE GrubHub Inc.