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Blue Apron Inches Closer to IPO; Hires Investment Bankers

Blue Apron Inches Closer to IPO; Hires Investment Bankers

Thursday, March 30th, 2017

Blue Apron looks to be making the next big step towards a big IPO. The company has reportedly hired investment bankers to lead its initial public offering in 2017, according to CNBC. 

Blue Apron has chosen Goldman Sachs, Morgan Stanley, and Citigroup as lead bankers for the offering. According to the report, sources predict the actual IPO could come as soon as this fall.

Talk of a Blue Apron IPO began swirling last year. As we previously reported in October, when shopping for the right bankers allegedly took place, Blue Apron could be valued at as much as $3 billion

As consumers look to new methods to get tasty and healthy groceries, meal kit companies have grown increasingly competitive over the past handful of years.

With HelloFresh, Plated, and Chefs Plate, just to name a few, cropping up across the U.S., the upward climb for market share has been a steep one. And as Reuters reported just last week, organic meal kit company Sun Basket has hired bankers for its own IPO that could come as early as the second half of 2017. 

As the industry continues to look at the new possibilities that meal kits may offer, stay with Deli Market News for the latest.

Blue Apron