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Jan. 26, 2022, 7:03 a.m. EST

Delivery company Gopuff reportedly hires bankers for IPO

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By Steve Gelsi
GS MS

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. /zigman2/quotes/209237603/composite GS -1.99% and Morgan Stanley /zigman2/quotes/209104354/composite MS -2.70% 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.

/zigman2/quotes/209237603/composite
US : U.S.: NYSE
$ 306.73
-6.24 -1.99%
Volume: 2.03M
May 18, 2022 4:00p
P/E Ratio
5.95
Dividend Yield
2.61%
Market Cap
$107.49 billion
Rev. per Employee
$1.40M
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/zigman2/quotes/209104354/composite
US : U.S.: NYSE
$ 80.69
-2.24 -2.70%
Volume: 5.95M
May 18, 2022 4:03p
P/E Ratio
10.27
Dividend Yield
3.47%
Market Cap
$145.63 billion
Rev. per Employee
$804,863
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