Blue Apron Summary

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Blue Apron launched its initial public offering in June of 2017 at $10 per share. The share price initially rose but then closed at its issue price of $10 per share. The offering of 30 million shares raised approximately $300 million, which should equate to a value for the company of around $1.89 billion after the offering. Since then the price has steadily fallen to approximately $5 per share in October 2017 and spurred a series of lawsuits from investors. Major investors in Blue Apron’s IPO include Fidelity, Bessemer Venture Partners, and First Round Capital. All of Blue Apron’s initial offering of 30 million shares were allocated to investment banking firms and none to the general public. Individual investors were only able to buy shares
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