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IPO Report: Blue Apron: 5 things to know as the $1.9 billion startup goes public

Blue Apron is testing whether Wall Street investors can stomach a $1.9 billion meal.

The New York-based meal-kit delivery startup priced its IPO late Wednesday at $10 a share to raise $300 million, after revising its price range earlier in the day to $10 to $11 from a previous $15 to $17. That values the company at just $1.9 billion, a serious drop from the $3 billion valuation had the IPO been priced at the midpoint of its original range.

The stock has been approved to list on the New York Stock Exchange under the symbol “APRN.”

The company will offer Class A shares of common stock with voting rights.

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