Blue Apron May Need to Raise More Money Soon After Shrunken IPO
Congratulations on getting to the IPO, that is a huge amount of work and worth celebrating.<p>That said, it pretty much defines squeaking through the exit. Interested to read the reorganization they did last year in the S-1 [1] presumably to normalize all of the various rights clauses from previous funding rounds and to dump some otherwise undesirable baggage on what was left, aka &quot;Opco&quot;.  That they had a 1:10 and 1:5 splits on their early stock and have not done a reverse split prior to the IPO suggests the employees will do ok, assuming they can sell their stock at some point. It seems healthier than the Silverspring Networks IPO (SSNI) which was anemic at best and just got worse over time.<p>Let&#x27;s hope that they keep their expenses in line and can crack the nut of acquiring new customers more cheaply than their competitors.<p>[1] <a href="https:&#x2F;&#x2F;www.sec.gov&#x2F;Archives&#x2F;edgar&#x2F;data&#x2F;1701114&#x2F;000104746917003765&#x2F;a2232259zs-1.htm" rel="nofollow">https:&#x2F;&#x2F;www.sec.gov&#x2F;Archives&#x2F;edgar&#x2F;data&#x2F;1701114&#x2F;000104746917...</a>