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Blue Apron’s Next Delivery Could Be Shares as Meal Delivery Service Files for IPO


Blue Apron Holdings, Inc. filed to go public yesterday. The meal-kit startup said that it’s grown sales to $800 million last year from under $80 in 2014. The company has raised $193.8 million in venture capital and was valued at $2 billion in 2015.

In its S-1 filing with the SEC, Blue Apron claims it delivered more than 159 million meals to homes in 48 states. The lead underwriters include Goldman Sachs Group Inc (NYSE:GS), Morgan Stanley (NYSE:MS), Citigroup Inc (NYSE:C) and Barclays PLC (ADR) (NYSE:BCS), according to the filing.

Blue Apron provides customers with boxes of premeasured ingredients that it ships for meals serving either two or four people at a time. The company also has a monthly wine delivery option. The filing notes that the company plans to offer greater flexibility in its meal offerings giving customers more options on how many meals they want each week. Read >

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