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Dow Jones Newswires: Blue Apron shares rise after company completes stock offering


Shares of Blue Apron Holdings, Inc.

were higher in Thursday’s late trading session after the provider of meal kits said it completed a previously announced at-the-market equity offering program.

The company said about 4.6 million shares were sold at an average sales price of $3.25 per share for gross proceeds of about $15 million. Blue Apron said its net proceeds from the offering, after deductions, were about $14.5 million.

At 5:38 p.m. EDT, the company’s shares had risen 6.14% to trade at $2.94 per share. The stock finished the day’s regular session with a 0.36% loss at $2.77 per share.

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