NEW YORK (TheStreet) -- Shares of GrubHub Inc. (GRUB - Get Report) are slipping, down -4.28% to $40.93 after the online food ordering company publicly filed to sell 10 million of its shares in a secondary offering today.
The Chicago-based company will offer 1.25 million shares, while shareholders will offer 8.78 million, and will have 80 million shares outstanding after the offering is completed.
GrubHub merged with New York-based Seamless last year and raised a greater than expected $193 million in its initial public offering in April.
Must Read: Warren Buffett's 25 Favorite StocksSTOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. GRUB data by YCharts EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he and Stephanie Link think could be potentially HUGE winners. Click here to see the holdings for FREE.