Blue Apron Holdings (APRN) stock plunges into pre-commercialization following announcement of public offering
What’s going on with Blue Apron Holdings?
Shares of Blue Apron Holdings (APRN) were hit after the New York-based company announced yesterday, June 15, that it plans to make a public offering of its Class A common stock ahead of the opening. Today’s market share, APRN shares fell to $ 4.47 per share, a decline of 19.17%.
What does this mean for APRN?
Blue Apron is an e-commerce business that delivers fresh ingredients and recipes to people in their homes (in the United States) with the goal of helping their customers become skilled and creative chefs – or enhancing craftsmanship. of already talented chefs. in the kitchen.
The company has launched a takeover bid for shares of its Class A common stock and “intends to grant the underwriter a 30-day option to purchase up to an additional 15% of the shares” of the shares. Blue Apron Class A Ordinary, Originally Offered, According To Yesterday investor announcement. Canaccord Genuity will be the sole lead manager of this placement. Blue Apron will be the sole seller of shares in this proposed public offering.
APRN has a fundamental rank of 87. Find out what that means to you and get the rest of the rank on APRN!
Blue Apron Holdings Inc is a United States-based company involved in discovering new recipes, ingredients and cooking techniques to prepare meals that are sent with fresh, seasonal ingredients, directly to customers. The company offers its customers two flexible packages, the 2-portion package and the 4-portion package. Its recipes are accompanied by print and digital content, including cooking instructions and stories from its suppliers and specialty ingredients. The company also sells wine, cooking utensils, utensils and pantry items.