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Blue Apron Shares Up Modestly in Trading Debut

2017-06-30 0 Dailymotion

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

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