Having priced at the low-end ($10) of an almost unprecedented cut in IPO range, Blue Apron opened this morning at $10, traded up to $11 amid exuberance from Bob Pisani desperate to show how the great IPO market was back… but tumbled back to $10 by the close.
Worse still, having been defended twice, Blue Apron shares broke below the IPO price in the after-market, trading $9.95…
We wonder if Morgan Stanley will support this tomorrow…
via http://ift.tt/2u3ZcOU Tyler Durden