Blue Apron significantly lowers its valuation with slashed IPO pricing

Blue Apron — the next big consumer IPO for 2016 — isn’t looking as good as it was just a few weeks ago. The company said in an updated filing with the Securities and Exchange Commission that it would cut its IPO price range target to between $10 and $11 per share, down from between $15 and $17 per share. Normally these price ranges move around, but this is a pretty… Read More