Blue Apron Shares Open At $10, In Line With Issue Price

Shares of Blue Apron Holdings Inc. opened at $10 Thursday, in line with the company's $10 issue price, in the company's debut on the New York Stock Exchange. The company sold 30 million shares to raise $300 million. With the $10 issue price and opening price, Blue Apron saw a market capitalization of $1.9 billion, below its $2 billion private valuation. Blue Apron had lowered its price range Wednesday to $10 to $11 from its previously expected range of $15 to $17. Goldman Sachs & Co., Morgan Stanley, Citigroup and Barclays are the lead underwriters on the offering.