Blue Apron sinks below its IPO price (APRN)
|06/30/2017||Posted by BusinessMediaguide.Com under General World News||
Blue Apron went public Thursday, and barely eked out a gain.
The meal-kit delivery company ended trading at $10.01, just a penny higher than its initial public offering price of $10.
Now, Blue Apron is down 2.8% at $9.72.
Initially, Blue Apron shares were expected to price in the $15 to $17 range, but that range was lowered to between $10 and $11 on Wednesday morning.