Blue Apron Holdings Inc. stock jumped 28.2% at the Monday opening after it announced capital investment and refinancing moves totaling a $70.5 million capital infusion in the meal-kit company. RJB Partners has committed $40 million at $12 per share. RJB, a long-time investor in the company, has completed $20 million with the remaining $20 million expected in the second quarter. Blue Apron's Chief Executive Linda Findley is investing $500,000 at $12 per share.
stock jumped 28.2% at the Monday opening after it announced capital investment and refinancing moves totaling a $70.5 million capital infusion in the meal-kit company. RJB Partners has committed $40 million at $12 per share. RJB, a long-time investor in the company, has completed $20 million with the remaining $20 million expected in the second quarter. Blue Apron's Chief Executive Linda Findley is investing $500,000 at $12 per share.
If we consider a simple dollar cost averaging strategy since IPO of $APRN we find that it would netted a whopping 12% LOSS. $SPY S&P investment would have netted 9% profit.