You can now get Blue Apron for under $1 — not the meal kit, but the company's stock
December 22, 2018 at 13:00 PM EST
Shares of meal-kit delivery service Blue Apron fell below $1 this week for the first time, entering a realm few 'unicorn' IPOs ever want to visit: penny stock territory. With multiple financial advisors and IPO experts saying that the Blue Apron IPO could go down as one of the worst IPOs of the unicorn era, during which many Silicon Valley-VC backed startups quickly reached a valuation over $1 billion, what went wrong?