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Blue Apron: From IPO to Acquisition by Wonder Group – A Look Back at the Journey




Blue Apron: From IPO to Acquisition by Wonder Group

Blue Apron: From IPO to Acquisition by Wonder Group

Blue Apron, the meal kit delivery company, is set to be acquired by Marc Lore’s Wonder Group for approximately $100 million. This marks the end of Blue Apron’s tenure as a public company.

In 2015, Blue Apron raised $135 million in Series D funding for its meal kit business before going public in mid-2017 with a valuation of just under $1.9 billion. However, the company’s value had significantly declined before Wonder Group agreed to acquire it for $13 per share in cash. This transaction has an equity value of $103 million, representing a substantial premium compared to its previous worth. It is 77% higher than its “30-day volume weighted average price” and 137% above its value at the end of trading on Thursday.

The Journey from IPO to Acquisition

Let’s take a look back at Blue Apron’s trajectory:

“The company’s impressive growth cannot be overlooked. In 2016, Blue Apron recorded revenue of nearly $800 million, up from $341 million in 2015. During the first quarter of this year, its revenue reached $245 million, surpassing the $172 million generated in the same period last year,” according to GamingIdeology.

Despite initially aiming for an IPO price range of $15 to $17 per share, Blue Apron scaled back its expectations to $10 to $11 later on. Eventually, the company went public at $10 per unit, struggling to maintain that price during its debut day.


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Sallie Anderson
Sallie Anderson
Sallie works as the Writer at World Weekly News. She likes to write about the latest trends going on in our world and share it with our readers.

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