GRUBHUB Makes Grand Debut on NYSE and Aetrium Inc. Purchases KBS Building Systems
GRUBHUB INC. (NYSE: GRUB) shares closed up almost 31% on the company’s first day of trading on the NYSE. The stock made a grand debut, hitting as high as $40.80 during intra-day trading. The stock’s IPO gave the online food ordering service a market capitalization of nearly $2.7 billion. The company raised $192.5 million Friday after pricing more than 7.4 million shares at $26 each. This came in better than the company's previously expected range of $23 to $25 per share. GrubHub Inc. is the nation's leading online and mobile food ordering company dedicated to connecting hungry diners with local takeout restaurants. The company’s online and mobile ordering platforms allow diners to order directly from approximately 28,800 takeout restaurants in more than 600 U.S. cities and London. Every order is supported by the company’s 24/7 customer service teams. GrubHub Inc. has more than 600 employees, with offices in Chicago, New York and London.
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Aetrium Inc. (NASDAQ: ATRM) shares closed up 41.86% on Friday making the stock one of the biggest gainers on the NASDAQ. The stock popped after the company announced its acquisition of KBS Building Systems. Aetrium purchased KBS Building Systems for $5 million in cash and a $5.5 million six-month promissory note made by a wholly-owned subsidiary of Aetrium. The deal also includes the assumption and payoff of approximately $1.4 million in debt, along with other liabilities tied to the purchased assets.
Aetrium Incorporated designs, manufactures, and markets various electromechanical and electro thermal equipment used in the handling and testing of integrated circuits (ICs). The company provides gravity feed test handler products, which incorporate thermal conditioning, contacting, and automated handling technologies to provide automated handling of ICs during production of test cycles; and change kits to adapt test handlers to various IC package configurations or to upgrade installed equipment.
Get more information on Aetrium Inc. free access to the in depth equity report at: www.TrendingWallStreet.com/stockquote/ATRM
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