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Blue Apron stock plummets over 30% on dilution fears

Meal Delivery Service Blue Apron To Go Public On NYSE

Scott Eisen

Blue Apron (NYSE:APRN) shares erased its gains from Thursday and then some in Friday’s premarket trading after revealing an equity distribution agreement with Canaccord Genuity.

Under the terms of the agreement, the company may offer and sell shares

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SymbolLast Price% Chg
APRN--
Blue Apron Holdings, Inc.