Press Releases

Bloomberg: Owner GrubHub Surges After $192 Million IPO

April 4, 2014

GrubHub’s appeal lies in its combination of an established and profitable business — Seamless North America LLC, spun out of food-service provider Aramark Holdings Corp. in 2012 — and the younger GrubHub, said James H. Gellert, chief executive officer of Rapid Ratings International Inc. The two companies merged last year. “The combination has excellent market share and are known brand names,” Gellert said yesterday. “IPO investors may well be attracted to the names, market leadership position and growth potential.”

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