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Blue Apron Said to Be in Talks With Banks for Initial Offering

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Photographer: The Washington Post via Getty Images

Blue Apron Inc. is interviewing banks that want to work on the meal-kit delivery company’s initial public offering, people with knowledge of the matter said.

The company is holding what’s known as a bakeoff, in which bankers will pitch their IPO strategies in hopes of working on the deal, said the people, who asked not to be identified because the process is private. The talks with banks started this week, the people said.