So apparently Blue Apron is going to price its IPO share price at $15~$17, according to Venture Beat.
According to its S1 Form, it will have a capital stock of about 152M shares outstanding in Class B (and a bit in Class C) assuming all outstanding Preferred Shares convert. The IPO plans to issue 50M new shares. Assuming they successfully IPO at $17, the market cap will be:
- (152M + 50M) X $17 = $3.4B
, which is higher than its last private valuation of $2B. This is of course disregarding the fact that Class B shares have 10X voting rights.