Blue Apron is getting crushed just a week after its IPO (APRN)
Blue Apron is down 6.45% on Thursday and 18.1% in the week following its initial public offering.
It's been a story of bad timing for Blue Apron. The company announced its IPO right before Amazon's acquisition of Whole Foods, which many believe is the retail giant's attempt to beef up its food delivery service.
After announcing an initial $15 to $17 range for its IPO, Blue Apron lowered that range to between $10 and $11. The company opened for trading at $10 and ended it
Read more »