Semi related but Blue Apron will forever be my favorite IPO.
5 stock splits and 3 CEOs later, day one investors will receive roughly 2 pennies back for every dollar invested just 2 years ago.
Only people who won were those who dumped free shares on the market (insiders), and maybe consumers for getting subsidized food of questionable quality.
Once valued at 2 billion USD, a paltry 150 million will get the job done now.
5 stock splits and 3 CEOs later, day one investors will receive roughly 2 pennies back for every dollar invested just 2 years ago.
Only people who won were those who dumped free shares on the market (insiders), and maybe consumers for getting subsidized food of questionable quality.
Once valued at 2 billion USD, a paltry 150 million will get the job done now.