Bulletin
Investor Alert

New York Markets After Hours

Market Pulse Archives

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

Delivery company Gopuff reportedly hires bankers for IPO

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Goldman Sachs Group Inc. (GS)
  • X
    Morgan Stanley (MS)

or Cancel Already have a watchlist? Log In

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 +3.20% and Morgan Stanley /zigman2/quotes/209104354/composite MS +3.70% 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
$ 316.61
+9.81 +3.20%
Volume: 2.65M
May 23, 2022 4:00p
P/E Ratio
6.14
Dividend Yield
2.53%
Market Cap
$105.37 billion
Rev. per Employee
$1.40M
loading...
/zigman2/quotes/209104354/composite
US : U.S.: NYSE
$ 82.31
+2.94 +3.70%
Volume: 7.71M
May 23, 2022 4:03p
P/E Ratio
10.47
Dividend Yield
3.40%
Market Cap
$139.37 billion
Rev. per Employee
$804,863
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.