Food delivery startup Wonder has confidentially filed for an initial public offering. The company announced the filing on Thursday but has not said how many shares it will sell or what they might cost. Wonder was founded in 2018 by Marc Lore, who also started Jet.com and Diapers.com. It runs food hall style sites where customers order from several restaurant brands in one place. The company then handles cooking, delivery, pickup and dine-in service.
Wonder raised more than 650 million dollars in July at a valuation of about 9 billion dollars. It has bought meal-kit company Blue Apron, delivery platform Grubhub, media company Tastemade and a kitchen robotics firm. The company plans more than 100 locations in Texas by the end of 2027. Lore has said for years that he wants to take Wonder public, and the confidential filing is the first formal step.
A Wonder listing will show whether investors still believe food delivery can make money after years of heavy losses.

Food delivery startup Wonder has confidentially filed for an initial public offering. The company announced the filing on Thursday but has not said how many shares it will sell or what they might cost. Wonder was founded in 2018 by Marc Lore, who also started Jet.com and Diapers.com. It runs food hall style sites where customers order from several restaurant brands in one place. The company then handles cooking, delivery, pickup and dine-in service.

Wonder raised more than 650 million dollars in July at a valuation of about 9 billion dollars. It has bought meal-kit company Blue Apron, delivery platform Grubhub, media company Tastemade and a kitchen robotics firm. The company plans more than 100 locations in Texas by the end of 2027. Lore has said for years that he wants to take Wonder public, and the confidential filing is the first formal step.

A Wonder listing will show whether investors still believe food delivery can make money after years of heavy losses.

πŸ“° Source: News Source
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