Wonder, the company that bought Grubhub, has filed in secret for a US stock market debut, which could let ordinary investors buy in and see its books.
Wonder, the food delivery company that owns Grubhub, has filed confidentially to go public in the United States. The company said so on Thursday. Wonder is led by Marc Lore, a former Walmart executive. If the plan goes ahead, everyday investors could eventually buy shares in a major food delivery business.
An IPO, or initial public offering, is when a private company sells shares to the public for the first time. Pre-money valuation means what the company was judged to be worth before the new $650 million came in.
A confidential filing means the paperwork went to regulators without the public seeing it. Wonder's numbers, such as sales and losses, are not available yet. That is the part many people will want to see, since it would show how a delivery company really makes money.
The material does not say when Wonder might list its shares, how many it would sell, what price it wants, or which stock exchange it would use. A filing also does not guarantee a company will go public. Those details should come out if Wonder moves forward and makes its filing public.
Wonder has filed in secret to go public, so there is nothing to buy yet, but its financial details should become public if the plan moves ahead.
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