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Blue Apron reportedly eyes IPO, as packing facility woes exposed

NEW YORK — Meal-kit service Blue Apron is reportedly talking to banks about an initial public offering, and is on track to surpass $1 billion in revenue over the next 12 months. Multiple sources familiar with the company’s financials revealed those plans and figures to Recode, Sunday, saying that the billion-dollar “run rate” is what the company would hit over the next year given current monthly sales and growth, and does not represent a 2016 revenue figure.
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