Fairway Market will go public today and could soon be worth more than fancy-food competitor Whole Foods. Bloomberg reports that the supermarket chain’s IPO is scheduled to be $453.6 million. The company, which currently has 12 stores throughout the East Coast and aims to expand to more than 300 shops throughout the country, raked in $554.9 million in sales last year—which is a whole lot of groceries.
via Village Voice
Online food delivery service GrubHub wouldn’t confirm or deny reports Friday that it plans an initial public offering next year. The Chicago-based company said it is keeping its options open as it continues to grow, according to the Chicago Tribune. Reuters earlier reported that GrubHub, which lets diners order food via the Internet or mobile phones, has selected Citigroup to lead an IPO in 2013 and is in the process of filling out the rest of its underwriting syndicate. The news agency said it talked to three sources who requested anonymity because the IPO plans are not public. GrubHub spokeswoman Abby Hunt called the report “speculation,” the Tribune said.