Blue Apron May Need to Raise More Money Soon After Shrunken IPO

Re:Blue Apron May Need to Raise More Money Soon After Shrunk... by adrenalinelol on Thursday June 29, 2017 @06:56PM (#14667506)

Call me a cynic, but I get the feeling this IPO is more of an early investor/founder cash out?

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Re:Blue Apron May Need to Raise More Money Soon After Shrunk... by wweidendorf on Thursday June 29, 2017 @07:16PM (#14667591)

In this case, none of the IPO proceeds went to existing shareholders. Based on the prospectus, it would appear that all insiders are subject to either a 120-day or 180-day lock-up post IPO.

https://www.sec.gov/Archives/edgar/data/1701114/000104746917...

This seems more like a liquidity raise to fund future growth that just happened to be timed incorrectly with respect to the Amazon / Whole Foods announcement.

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Re:Blue Apron May Need to Raise More Money Soon After Shrunk... by ProAm on Thursday June 29, 2017 @06:58PM (#14667518)

That's most IPO's

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Re:Blue Apron May Need to Raise More Money Soon After Shrunk... by kgwgk on Thursday June 29, 2017 @07:16PM (#14667595)

I may be mistaken, but I think existing shareholders are not selling as part of the IPO. The company really needs the money...

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