Blue Apron's share price isn't the only casualty of the Amazon-Whole Foods deal. But a new SEC filing shows the company now plans to sell shares at $10 to $11 each.
Late previous year, Blue Apron put its IPO plans on hold while it focused on improving financials, people familiar with the matter said in December.
Though the startup has captured the hearts and wallets of millennials who want fancy meals but lack the time to shop and plan, it hasn't all been smooth sailing for Blue Apron.
For a trendy startup, an initial public offering is supposed to be a neat, pre-packaged experience: by following a simple set of instructions, you end up with a lovely product that looks like something cooked up by a professional.
However, Amazon.com's $13.7 billion deal to buyWhole Foods Market Inc has left potential investors anxious about the prospects of the meal-kit industry. Blue Apron is still planning to offer 30 million shares but the new price tag brings the company's market value down by about $1 billion, as Bloomberg notes.
Blue Apron (APRN) is serving up a dish that big-money investors have turned away, causing the company to lower the price of its initial public offering by about 34%.
Blue Apron's price cut was the second-biggest decrease in a marketed price range for USA -listed IPOs in the past five years, according to data compiled by Bloomberg.
The reaction to Blue Apron's financials has been mixed.
Among Blue Apron's rivals are HelloFresh and Plated, which ship boxes to customer's doorsteps with all the raw ingredients needed to make home-cooked meals.
Blue Apron will be one of the first of the so-called subscription services to go public, a watershed moment for the industry. Those customers have been ordering fewer, cheaper meal kits. The company said it had more than 1 million customers at the end of March. Blue Apron planned to raise $480 million, now cut to $315 million.
In 2014, 2015, and 2016, we generated $77.8 million, $340.8 million, and $795.4 million in net revenue, respectively, representing growth of 338% from 2014 to 2015 and growth of 133% from 2015 to 2016.
Griffin said the two studies show that more needs to be done to understand the potential effects of marijuana on driving ability. Colorado saw the biggest estimated increase in claim frequency compared to its control states, according to the institute.
Vettel started on the front row but finished off the podium for the first time this year. "It's nice obviously. However, the Red Bull suffered an electrical failure on lap 11, which promoted Bottas to the second position.
The new variant has a Files app, searchable handwritten notes and new productivity features using Apple Pencil . The iOS 11 also brings HEVC for video recording at high quality while consuming less space.
But according to White House Chief Strategist Steve Bannon, the briefings were held off camera because " Sean got fatter ". At one briefing, when she was questioned why Spicer was missing, she mentioned his role was probably getting upgraded .
Afterwards, the prime minister's vehicle was chased by protesters unhappy with the government's response to the tragedy. Prime Minister Theresa May has faced criticism for failing to meet survivors when she visited the scene yesterday.
The so-called USA driving season starts at the beginning of summer when gasoline demand peaks to its highest level of the year. US stockpiles have dwindled 9 in 10 weeks, failing to support oil futures because of the slow pace of declines.
Supreme Court will decide the constitutionality of Wisconsin legislative districts as drawn by majority Republicans in 2011. He says Democrats proved in court that their rights were violated and "now this story will be told on a national stage".
Rosenstein penned a letter outlining why he thought Comey could be let go, a letter the president reportedly asked him to write. The White House has directed questions to outside legal counsel, which has not responded.
The officers reported that Lyles, who may have been mentally ill, was holding a knife, though many questions remain. Two police officers, identified as Steven McNew and Jason Anderson , responded to her call.
The dancers are part of the team that has been lined up to perform at this year's edition of the BET Awards . Other notable nominations include Chance the Rapper and Migos , who are also up for four nominations.
Fassone is now expecting him to remain with the club, despite the fact he could leave for a free at the end of the 2017/18 season. AC Milan last week announced that Donnarumma will not be extending his contract and has instead chosen to join another club.
US Arms For Syrian Kurds Will Continue After Raqqa
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Feds Sanction Chinese Bank Linked To North Korea
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Pak violates ceasefire in Poonch sector
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Murray into semi-finals after taming Nishikori
Taking out his irritation on Nishikori, Murray began to dominate his opponent, whose service then started to let him down. On the clay courts of Paris , determined the semifinalists of the 116th version of the Open championship of France.
Trump disputes Russian interference in 2016 election
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Loan waiver seen as Karnataka Congress poll-vault plan
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Muslims question whether girl's killing was road rage
The teens were returning to the mosque along Dranesville Road near Woodson Drive in Herndon when they encountered Martinez Torres. If you think for a minute that her appearance had nothing to do with this crime, you're lying to yourself".