Blue Apron moves closer to IPO
March 30, 2017
Blue Apron, the largest meal kit company operating in the U.S., has hired Citigroup, Goldman Sachs, and Morgan Stanley to lead its initial public offering. Blue Apron has been valued as high as $2 billion following a round of funding in 2015. The company generated about $750 million in sales last year. It is not currently profitable.
Recent News
TikTok Suspends TikTok Lite Rewards Program in the EU
A TikTok service offering rewards such as gift vouchers for watching videos has been suspended by the social media site.
FCC Votes To Restore Net Neutrality Rules
The Federal Communications Commission (FCC) voted 3-2 on Thursday to reinstate net neutrality rules that were rolled back during the Trump administration.
Blackstone To Buy Tropical Smoothie Cafe
Alternative asset manager Blackstone is set to buy the restaurant chain Tropical Smoothie Cafe.
Ford’s Total EV Sales Post $1.3 Billion Loss in Q1
Ford’s EV division, known as Model e, faced a tough start to 2024.