5 People Who Made Money Off Of The GrubHub IPO Today

Loading...
Loading...
Shares of Grubhub
GRUB
, an online food ordering company, opened at $40 in the market debut today -- almost 54 percent higher than their IPO price. So, who's making money off of it? The majority of the outstanding stock is held by investment firms, including Goldman Sachs
GS
, Warburg Pincus and Spectrum Equity Investors. But there are some individuals who are benefiting from the company's IPO:
Grubhub Insiders
Grubhub co-founders Matt Maloney and Mike Evans each hold about 2.6 percent of the outstanding shares. Evans
announced
earlier this year that he plans to leave the company by June 30 to “pursue other opportunities.”
Related: Timon And Pumba Find GrubHub In The Dirt As IPO StumblesPandora CEO
Pandora
P
Loading...
Loading...
CEO Brian McAndrews is on the board of directors for Grubhub, and owns about .2 percent of the stock. McAndrews used to be a venture partner at Madrona Venture Group, which focuses on early-stage tech companies.
Aramark Executives
Former Aramark
AMRK
CEO Joseph Neubauer L. Frederick Sutherland has about 3.9 percent, the highest percentage of any one person. CFO L. Frederick Sutherland holds about .2 percent. Aramark, a Warburg Pincus portfolio company, acquired Seamless in 2006 and made it into an independent entity in 2011. Seamless and Grubhub merged in 2013. Stocks of Aramark, a foodservice, facilities and clothing provider, have been trading down today
Loading...
Loading...
Market News and Data brought to you by Benzinga APIs
Posted In: NewsIPOsGeneral
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...