As Investors Feast On GrubHub's IPO, Its CEO Explains The Future For …

Shares of GrubHub rose as high as $40.80 on Friday and ended the trading day up 31 percent, at $34. GrubHub's gains came as the overall stock market fell, with the Dow Jones industrial average, the S&P 500 and the Nasdaq composite index all posting 

Wall Street has a major craving for takeout. Investors sent shares of GrubHub Inc. up more than 30 percent Friday in an initial public offering that gave the online food ordering service a market capitalization of nearly $2.7 

In an amended prospectus on Tuesday, online food ordering website GrubHub raised the price range for its initial public offering to $23 to $25 per share. With nearly 80 million shares post-offering, GrubHub is valuing itself just shy of $2 billion at

FORTUNE — Online food ordering company GrubHub led a group of five companies that priced initial public offerings last night, and which will begin trading today on U.S. exchanges (three on the NYSE, two on the NASDAQ). Here's the full list: GrubHub 

GrubHub raised a higher-than-expected $192 million in an initial public offering, after pricing the shares above the marketed range. GrubHub's market value at one point topped $3.4 billion.