Business

Market Movers

Shareholders sour on GrubHub filing

GrubHub chief Matthew Maloney during the Chicago firm’s April IPO.

Richard Drew/Associated Press/file 2014

GrubHub chief Matthew Maloney during the Chicago firm’s April IPO.

Advertisement

Investors took a bite out of GrubHub Inc. after the online and mobile food ordering service filed to sell 10 million shares, giving insiders an early chance to unload their stakes after an April IPO. GrubHub plans to sell 1.25 million shares in the offering, according to an SEC filing made Monday. The remaining 8.78 million shares will be sold by insiders, including GrubHub officials, who otherwise wouldn’t be allowed to sell shares yet because of a lockup period that has been waived, GrubHub said.

Loading comments...
Real journalists. Real journalism. Subscribe to The Boston Globe today.
You're reading  1 of 5 free articles.
Get UNLIMITED access for only 99¢ per week Subscribe Now >
You're reading1 of 5 free articles.Keep scrolling to see more articles recomended for you Subscribe now
We hope you've enjoyed your 5 free articles.
Continue reading by subscribing to Globe.com for just 99¢.
 Already a member? Log in Home
Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com