Blue Apron Simply Fell Beneath Its Ipo Rate On Simply Its 2D Day Of Buying And Selling

Blue Apron shares slipped below their IPO price on Friday, a shaky start for the meal kit delivery company.
“I daresay that Blue Apron hoped to benefit from Wall Street’s traditional over-optimism when it comes to online and digital companies.
Blue Apron – 2 daysSource: FactSet”This is an emerging market and growth is a long-term play,” Technomic’s Erik Thoresen, told CNBC Thursday.
“The stock price today, whether it’s up, down, left or right, is really just the beginning of this new chapter in our company’s life.
With an offering of 30 million shares, the company is looking to raise about $300 million in its IPO.

Read more on: