Market Chatter: Wonder Offers Investors Sweeteners, Founder Commits $200 Million Before Future IPO

MT Newswires Live03:15

Wonder, the owner of GrubHub and Blue Apron, is offering investors sweeteners and founder Marc Lore is putting his own money in what could be the last round of capital raise before the company goes public, The Information said Thursday, citing company's filings with Delaware regulators.

Wonder will give investors of its latest financing extra shares if the company's stock price in an initial public offering is less than 1.5 times the price of shares in this round, the report said, adding Lore has also indicated that he will commit $200 million towards the round.

Lore has further told Wonder's staff that an IPO could happen as soon as next year, according to the report.

Wonder did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment