Blue Apron
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Blue Apron announced several changes at the executive level today, including co-founder Matthew Wadiak stepping down from the COO role to become a senior advisor. Wadiak’s changing role comes after a painful IPO for the meal kit delivery service, which first had to reduce its original IPO price and has since seen a significant drop in its share price. Read More
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Since going public last month, things have not gone particularly well for Blue Apron, thanks to the specter of Amazon and its $13.7 billion acquisition bid for Whole Foods. The bad news, again, continues to roll in as what may have been a competitor in theory now seems more and more like an existential threat. Read More
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Cooking kit delivery company Blue Apron traded up 3.5% on the stock market Monday, erasing some of the losses from its first two days as a public company. Shares closed at $9.67, which was still beneath last week’s $10 IPO price. This is in contrast to a lot of public debuts, where companies are typically in the green for the first day “pop.” It’s the subsequent days… Read More
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Blue Apron has finally gone public, and we’re at about the halfway point of the year. We’ve seen a lot of IPOs for the first half of 2017, which followed a huge drought last year.
All this started when Snap opened up the so-called “IPO window” when it made its debut with a bang, popping the normally-expected 20% or so on its first day of trading. But since then… Read More
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Blue Apron will be going public in short order, kicking off the second big major consumer IPO of 2017. It’s nowhere near as big as Snap, but the company at the top end of its IPO pricing will be valued at around $3.2 billion as it looks to raise nearly $600 million. The company’s IPO comes at an interesting time as we approach the midpoint for 2017, which has seen a big wave of… Read More
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Amazon is taking a huge bite out of the fresh food business with its bid for Whole Foods Market for $13.7 billion. But even though this is a deal between two companies, it’s not just the two of them being touched by it. The intersection between the food and tech industries has been playing out for years now, sprouting dozens of food startups; efforts from large tech companies to move… Read More
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Amidst an array of enterprise companies that have jumped on the IPO bandwagon following Snap’s successful IPO (aside from its more recent whiff of an earnings report), Blue Apron appears to be the next major consumer IPO. That’s important, because it continues the tone that both enterprise and consumer companies see an opportunity to go public. Read More
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