Thursday, June 29, 2017

Meal-kit maker Blue Apron goes public, demand underwhelms as Amazon looms


Blue Apron Holdings Inc, the biggest U.S. meal kit provider, raised $300 million as it went public on Wednesday, a third less than it had hoped, as Amazon.com's industry-changing deal to buy Whole Foods Market Inc weighed on the sector.


New York-based Blue Apron said late on Wednesday its initial public offering of 30 million shares of class A common stock was priced at $10 per share, at the low end of the $10 to $11 per share range issued earlier in the day.. . . more

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