In a troubling sign, Blue Apron slashed its IPO price Wednesday to $10 a share, significantly lower than its original estimate of $15 to $17 a share. Blue Apron raised $300 million with the offering, selling 30 million shares of Class A stock at the $10 price â well below the amount it had hoped to raise. The sharply lower price indicated that investors have heightened concerns about how Blue Apron, which reported nearly $800 million in revenue last year but is unprofitable, will fare in the fast-changing market for food shopping.
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