GoBrands Inc., which does business under the name Gopuff, has hired bankers about an initial public offering roughly six months after the Philadelphia-based grocery and liquor delivery company was valued at about $15 billion. The company is working with Goldman Sachs Group Inc. (NYS:GS) and Morgan Stanley (NYS:MS) in preparation to go public, according to reports from Bloomberg and Reuters. The IPO comes after the company raised $1 billion from Guggenheim Investments, Hedosophia and the Softbank Vision Fund 1 in late July. Gopuff said on Dec. 23 it has expanded into nearly 600 fulfillment locations with a team of 10,000 people that deliver 4,000 products to more than 1,000 cities in the U.S. and Europe.
Jan. 26, 2022, 7:03 a.m. EST