Blue Apron sinks below its IPO price

Blue Apron went public Thursday, and barely eked out a gain.

The meal-kit delivery company ended trading at $10.01, just a penny higher than its initial public offering price of $10.

Now, Blue Apron is down 2.8% at $9.72.

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Initially, Blue Apron shares were expected to price in the $15 to $17 range, but that range was lowered to between $10 and $11 on Wednesday morning.

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Markets Insider