August 4, 2017 (Shareholders Foundation) - An investigation on behalf of investors of Blue Apron Holdings Inc (NYSE:APRN) shares over potential securities laws violations by Blue Apron Holdings and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Blue Apron Holdings Inc (NYSE:APRN) concerning whether a series of statements by Blue Apron Holdings Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

New York based Blue Apron Holdings, Inc. is a holding company focused on providing recipes and fresh ingredients for making home cooking accessible. On June 29, 2017, Blue Apron Holdings Inc sold 30 million shares of stock in its initial public stock offering (the 'IPO'), raising $300.0 million in new capital.

Shares of Blue Apron Holdings Inc (NYSE:APRN) declined to as low as $5.51 per share on August 9, 2017.