{"id":6871,"date":"2017-06-20T08:53:14","date_gmt":"2017-06-20T08:53:14","guid":{"rendered":"https:\/\/rsoftsolution.com\/blog\/blue-aprons-up-ipo-is-not-a-surprise-as-unicorns-fare-well-in-2017-2.html"},"modified":"2017-06-20T08:53:14","modified_gmt":"2017-06-20T08:53:14","slug":"blue-aprons-up-ipo-is-not-a-surprise-as-unicorns-fare-well-in-2017-2","status":"publish","type":"post","link":"https:\/\/www.rbsitsoftwaresolution.in\/blog\/blue-aprons-up-ipo-is-not-a-surprise-as-unicorns-fare-well-in-2017-2.html","title":{"rendered":"Blue Apron\u2019s up IPO is not a surprise, as unicorns fare well in 2017"},"content":{"rendered":"


\n<\/p>\n

Blue Apron\u2019s IPO moved closer to reality this week as the firm set a price range for its shares. The company is set to go public at a higher IPO price than its last private round, undercutting worry that future unicorn IPOs may only point one direction: down.<\/p>\n

The meal-kit startup may IPO at a price between $15 and $17. At midpoint, Blue Apron is worth\u00a0\u201cjust under $3 billion\u201d\u00a0according to\u00a0TechCrunch<\/em><\/a>. At the upper-end of its range, Blue Apron\u2019s value\u00a0grows to $3.2 billion<\/a>.<\/p>\n

Notably, both valuations are\u00a0above what Blue Apron was worth previously. This is no downer of an IPO.<\/p>\n

Down<\/h2>\n

After a period of\u00a0sharply positive sentiment<\/a>\u00a0regarding private tech companies, leading to the unicorn boom, uncertainty about potential public valuations and tighter markets led to concern about what would happen to late-stage tech shops looking to go public.<\/p>\n

When Cloudera went public in late April, the\u00a0stark difference<\/a>\u00a0between its last private round\u2019s valuation and its IPO valuation was unsettling. It wasn\u2019t a positive signal, and it wasn\u2019t the first time that a company crossing the private-public divide landed on the other side of the chasm with a smaller valuation than it had started out with.<\/p>\n

Down IPOs,\u00a0like Box\u2019s<\/a>, say, are part and parcel of the current cycle\u2019s picture.<\/p>\n

The resulting sentiment led to a new phrase: Flat is the new\u00a0up<\/a>,\u00a0up<\/a>,\u00a0up<\/a>,\u00a0up<\/a>,\u00a0up<\/a>, and so forth. The implied follow-up to the point is that down is the new flat. Valuation humor aside, things aren\u2019t as bad as you might have thought, at least regarding this year\u2019s unicorn IPOs.<\/p>\n

And Blue Apron\u2019s own IPO cycle makes the point for us. Let\u2019s take a look back at this year\u2019s tech IPOs that were either worth around $1 billion (or more) when private, or worth at least that much when they went public. You might be surprised.<\/p>\n

Unicorn Liquidity<\/h2>\n

First up, Alteryx, which wasn\u2019t\u00a0a unicorn at the time of its debut. However, it\u2019s last private valuation was close to $1 billion, the company priced under that mark, and has since moved past the $1 billion valuation threshold into unicorn-land.<\/p>\n

Alteryx<\/strong><\/a><\/p>\n