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…
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