Blue Apron’s price cut shows investors are wary of high-growth with no profit
The window is closing on Blue Apron’s IPO. The do-it-yourself meal-kit delivery service is going public tomorrow. Today they cut the initial price target for their shares by about a third. That puts the company’s valuation below the estimated $2.2 billion valuation in their last round of private venture capital funding. There are no inside […]
The window is closing on Blue Apron’s IPO. The do-it-yourself meal-kit delivery service is going public tomorrow. Today they cut the initial price target for their shares by about a third. That puts the company’s valuation below the estimated $2.2 billion valuation in their last round of private venture capital funding. There are no inside investors in the IPO, so it’s not a case of the owners cashing out. So why IPO at all?
Click the audio player above to hear the full story.
Related Topics
Latest Episodes
View All Shows
7 hours ago25:19
13 hours ago19:00
16 hours ago6:55
20 hours ago8:33
3 days ago56:05
24 days ago32:45