Blue Apron sinks below its IPO price (APRN)

pulse

June 30, 2017 4:21 PM

Less than 24 hours after it began trading, Blue Apron is in the red for the year.

Blue Apron went public Thursday, and barely eked out a gain.

The meal-kit delivery company ended trading at $10.01, just a penny higher than its initial public offering price of $10.

Now, Blue Apron is down 2.8% at $9.72.

Initially, Blue Apron shares were expected to price in the $15 to $17 range, but thatrange was lowered to between $10 and $11on Wednesday morning.

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