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.)
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