INSUBCONTINENT EXCLUSIVE:
Shares of Chicago-based food delivery service Grubhub are sharply higher in regular trading today after The Wall Street Journal reported
news, bid its equity up 17% as of the time of writing, valuing the firm at around $57 per share, or $5.2 billion.The news comes during a
difficult time for the company
the high $50s per share to the mid-$30s
Report from Hell.All this may sound a bit boring, frankly, to regular TechCrunch readers
for payment practices and theoretically considering a direct listing despite unprofitability) and Uber Eats (a deeply unprofitable portion
looking to shore up its income statement
More margin means smaller losses
And as smaller losses are hot now in the IPO world, the move could help some yet-private companies get public.After years of beating each
other up, one key player in the on-demand food delivery space is willing to sell, or join up with someone else
