Blue Apron moves closer to IPO
June 20, 2017
Blue Apron is pursuing an initial public offering (IPO) of its stock as it seeks to raise funds and separate itself from a growing list of meal kit rivals. The company, which saw sales more than double last year, has yet to turn a profit. It plans to sell at least 30 million shares through its IPO.
Recent News
Costco’s Hot Dog Remains at $1.50 Despite Prices Spiking Elsewhere
Over the last few years, inflation has caused prices to creep up and impact pretty much everything. However, Costco is still keeping the price of its hot dog-soda deal where it is.
Home Depot Acquires SRS for $18.25B, Boosting Pro Sales
Home Depot recently announced its acquisition of SRS Distribution for a whopping $18.25 billion. This hefty investment marks the company’s boldest stride yet to seize a larger share of the professional market, particularly targeting contractors and roofers.
GameStop Faces Sales Slump, Implements Job Cuts
GameStop has recently undergone job cuts due to a notable decline in sales, as announced amid its latest financial report.
Subaru Recalls 118K Vehicles Due to Air Bag Sensor Issue
Subaru is recalling 118,000 SUVs and sedans in the United States due to a faulty sensor that might hinder air bag deployment during a crash, as per the National Highway Traffic Safety Administration (NHTSA) announcement on Wednesday.