Blue Apron Holdings, which delivers packaged ingredients and recipes for home meal preparation, announced terms for its IPO on Monday.
The New York, NY-based company plans to raise $480 million by offering 30 million shares at a price range of $15 to $17. At the midpoint of the proposed range, Blue Apron Holdings would command a fully diluted market value of $3.1 billion.
Blue Apron Holdings was founded in 2012 and booked $868 million in sales for the 12 months ended March 31, 2017. It plans to list on the NYSE under the symbol APRN. Goldman Sachs, Morgan Stanley, Citi and Barclays are the joint bookrunners on the deal. It is expected to price during the week of June 26, 2017.
