Blue Apron Pursues I.P.O. as Amazon Looms Over Industry
RisingWorld
2017-06-20
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Blue Apron Pursues I.P.O. as Amazon Looms Over Industry
By MICHAEL J. de la MERCEDJUNE 19, 2017
Even as Amazon’s $13.4 billion bid for Whole Foods threatens to shake up food retailing, Blue
Apron, a New York-based meal-delivery service, is setting its sights on a stock market debut.
Shares of other grocery chains plunged after Amazon’s bid for Whole Foods was announced Friday, and analysts speculated about what
that union would mean for food-delivery start-ups like Instacart.
Whole Foods shares, meanwhile, continued to rise Monday
and closed at $43.22 — more than Amazon’s cash offer of $42 a share, suggesting investors are optimistic that a higher bid may yet emerge.
The service has begun pitching an initial public offering to raise as much as $586.5 million,
joining a growing number of consumer-focused start-ups considering the public markets.
By MICHAEL J. de la MERCEDJUNE 19, 2017
Even as Amazon’s $13.4 billion bid for Whole Foods threatens to shake up food retailing, Blue
Apron, a New York-based meal-delivery service, is setting its sights on a stock market debut.
Shares of other grocery chains plunged after Amazon’s bid for Whole Foods was announced Friday, and analysts speculated about what
that union would mean for food-delivery start-ups like Instacart.
Whole Foods shares, meanwhile, continued to rise Monday
and closed at $43.22 — more than Amazon’s cash offer of $42 a share, suggesting investors are optimistic that a higher bid may yet emerge.
The service has begun pitching an initial public offering to raise as much as $586.5 million,
joining a growing number of consumer-focused start-ups considering the public markets.
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