APRN) will headline a busy week for initial public offerings, with nine companies looking to raise a total of $1.1 billion in proceeds.
New York-based Blue Apron is the largest offering by revenue. It develops and delivers packaged ingredients and recipes for home meal preparation. Blue Apron plans to raise $480 million by offering 30 million shares at a price range of $15 to $17, according to the IPO prospectus.
The initial public offering comes as Amazon (AMZN) last week announced a deal to acquire Whole Foods Market (WFM). Amazon’s purchase of Whole Foods has some investors worried that Amazon will drive out more competitors in the healthy food realm business with low prices.
Blue Apron is set to price late Tuesday and begin trading Wednesday on the NYSE under the ticker APRN.
One technology company is on the docket for this coming week. Tintri (TNTR), a maker of all-flash arrays, looks to raise $100 million, offering 8.7 million shares in the price range of $10.50 to $12.10. It will list on the Nasdaq under the ticker TNTR, trading Thursday.
Five of the 9 IPOs are biopharmaceutical companies, with the largest being Akcea Therapeutics (AKCA). Akcea is a late-stage biopharma developing and commercializing drugs to treat patients with diseases caused by lipid disorders. It plans to…