Blue Apron Shares Up Modestly in Trading Debut
By MICHAEL J. de la MERCEDJUNE 29, 2017
Shares of Blue Apron opened flat in their first day of trading at $10, as investors
proved wary of the meal-kit provider and its initial public offering.
Over all, the company raised $300 million in its initial offering, attaining a market value
of about $1.9 billion, below the valuation in its last private fund-raising round.
At $10 a share, Blue Apron’s stock stayed at the same level as the bottom of the company’s already reduced price range.
Blue Apron now trades on the New York Stock Exchange, under the ticker symbol “APRN.”
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