- Blue Apron Holdings Inc (NYSE:APRN) has priced 4.7 million shares of its Class A common stock at $4.25 per share in a public offering.
- The offer price represents a discount of 23.1% to Tuesday’s closing price of $5.53.
- The gross proceeds to Blue Apron from the offering are expected to be about $20.0 million.
- The underwriters have 30 days to procure additional shares up to 0.70 million.
- The offering is expected to close on or about June 18, 2021.
- Canaccord Genuity is acting as the sole book-running manager for the offering.
- Price action: APRN shares are trading lower by 22.4% at $4.29 on the last check Wednesday.
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