Amazon-Whole Foods deal takes steam out of Blue Apron’s IPO

Food delivery startup Blue Apron LLC has cut the price range of its initial public offering, and Amazon.com Inc.’s pending deal with Whole Foods Market Inc. is being cited as a reason for the markdown.
The New York-based meal-kit company, which delivers ingredients directly to the doors of its subscribers, now expects its IPO to be priced between $10 and $11 per share, according to SEC records. That’s down from previous expectations of $15 to $17 per share.
Blue Apron’s valuation now hovers around…

#URLinkedUp Austin Business News – Local Austin News | Austin Business Journal http://www.bizjournals.com/austin/news/2017/06/29/amazon-whole-foods-deal-takes-steam-out-of-blue.html?ana=RSS%26s=article_search

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