gopuff stock

GoPuff Stock IPO: Can You Invest in This Snack Delivery App?

The following guide answers the question: Can you Buy GoPuff Stock?    

Just like Undervalued Stocks, this popular snack delivery company could be an enormously profitable investment center.

Many ask the same question about other delivery/eCommerce companies like Boxed and AliExpress.

The advancements in 21st-century technology have drastically changed the day-to-day lives of people around the world.

It has not only made life more enjoyable, but it has given us the opportunity to outsource tasks that would have previously taken away time from the things we would rather do to fill our time.

The most notorious culprit of this time-wasting is the extra trip to the convenience store to purchase that one item you forgot while grocery shopping.

GoPuff was one of the first companies that created the ability to order various consumer goods found at convenience stores right to your front doorstep.

Their growth into the company it is today can be attributed to a multitude of factors, including the continued expansion of products being delivered to customers, the exceptionally efficient time orders are delivered, the minuscule delivery fee, and most importantly the time it gives back to customers that would have otherwise been spent traveling to and from the store, shopping, and waiting in line to check-out.

Prior to diving into whether you can buy Gopuff stock, it’s important to understand what it is and how it became as influential as it is today. If IPOs interest you, check out our list of the Best Upcoming IPOs.

What is GoPuff?

GoPuff is an American delivery service providing consumer goods to customers in over 650 cities in the United States.

gopuff stock ipo

Whereas a platform like DoorDash delivers food from restaurants or Instacart that delivers groceries, GoPuff specializes in delivering items typically found in convenience stores.

These products include snacks, drinks, beer, wine, liquor, household items, toiletries, baby products, and more.

These products can be ordered online, or through the GoPuff app and are delivered from the closest of approximately 250 fulfillment centers in the U.S.

Delivering products for Gopuff can also serve as a legitimate way to earn extra money.

what is gopuff

Drivers get to choose their own hours, get paid for the full amount for every order they deliver, and keep 100% of their tips.

Additional benefits other delivery apps do not provide include one pickup location at the nearest fulfillment center, free parking, and no contact pickup and delivery.

Requirements include being 21+ years old, must have a valid U.S. driver’s license, the vehicle’s insurance must be in your name, must own a smartphone with the latest operating system, and must pass a pre-paid alcohol delivery training course.

 

GoPuff History

Drexel University students Yakir Gola and Rafael Ilishayev founded Gopuff in 2013. Originally, it was an on-demand hookah delivery.

goBeer, a beer delivery service created by GoPuff, was launched in 2015. The next year the company launched an alcohol delivery service, which they called goBooze.

During an A round of funding, GoPuff was able to raise $8.25 million in 2016. The company raised $750 million from SoftBank in 2019, with a commitment for up to $250 million more.

The new company headquarters opened in the Finnigan’s Wake Building in the Philadelphia neighborhood of Northern Liberties.

The new company headquarters opened in the Finnigan’s Wake Building in the Philadelphia neighborhood of Northern Liberties.

Forbes included both of the founders of GoPuff in the 2017 30 Under 30 list for retail and e-commerce.

The two founders were also named Target Magazine’s target marketer of the year in 2017.

In a funding round in 2020 led by Accel and D1 Capital Partners, the company raised $380 million. This brought the total valuation of the company to $3.9 billion.

Later in 2020, GoPuff purchased the alcoholic beverage chain, BevMo!, for $350 million.

history of gopuff

Investors D1 Capital Partners, Fidelity Management and Research Company, and Luxor Capital all helped Gopuff raise $1.15 billion in 2021.

GoPuff acquired the United Kingdom-based food delivery service, Fancy, in May of 2021. UberEats and GoPuff announced a partnership to sell products through the UberEats app in 2021.

GoPuff acquired the alcoholic beverage chain, Liquor Barn, in June of 2021. Also in 2021, the company announced the acquisition of RideOS for $115 million.

As of June of 2021, GoPuff was valued at $15 billion.

Controversies

Appsee, a company affiliated with analytics, criticized Gopuff for violating its terms of service by recording their own user’s interactions on the GoPuff mobile app.

This included personal information and transmitting video to a website affiliated with Appsee.

In response, GoPuff stated it would remove Appsee code from future versions of the app and amend the privacy policy to disclose possible data transfer to the app.

GoPuff Stock IPO?

As GoPuff is a private company, you cannot purchase shares of stock in the company.

GoPuff Stock – Estimated Value

Since GoPuff is not currently a publicly-traded company, there is not a price to report on how much a single stock in the company would cost.

The most accurate way to determine an initial IPO price would be to compare it to other delivery service companies.

We can use the IPO opening price of similar chain delivery service companies to get a range of what to expect for a price when the company does go public.

Uber

  • Opening Price of Stock: $45
  • Previous 52 Week High: $64.05

uber stock

Lyft

  • Opening Price of Stock: $72
  • Previous 52 Week High: $68.28

lyft stock

DoorDash

  • Opening Price of Stock: $102
  • Previous 52 Week High: $256.09

doordash

Blue Apron Holdings

  • Opening Price of Stock: $10
  • Previous 52 Week High: $12.35

blue apron

With a business model that differentiates itself from its competition by delivering goods most often found in convenience stores and the continued expansion in fulfillment centers and operation in U.S. cities, one could infer that if GoPuff ever does go public, the price of their IPO could fall somewhere within the opening prices above.

Therefore, it would be safe to assume that its IPO opening price could range from $10 – $100.

Additional Companies Owned

GoPuff also owns several other companies that have allowed them to structure their business into a horizontal integration model.

Below is a list of additional companies GoPuff owns.

  • BevMo!
  • Fancy
  • Liquor Barn
  • RideOS

Alternative Investments

Alternative Investments

So, you can’t buy stock in GoPuff, but you’re determined to buy equity in another consumer good delivery service. What are some of your alternative options?

  • Uber (UBER)
  • Lyft (LYFT)
  • DoorDash (DASH)
  • Delivery HERO (DHER)
  • Blue Apron Holdings (APRN)
  • HelloFresh (HFG)

Can You Buy Stock in GoPuff?

It is a great question to ask because this delivery service company could be an enormously profitable investment center.

Especially when you take into account the expansion of fulfillment centers around the U.S., the expanding menu of products delivered, the low delivery cost for using the service, and the number of time people can save from using the service.

Ultimately, no, you cannot buy stock in GoPuff. But with its rapid growth and expansion into areas all around the U.S., the company could go public very soon.

GoPuff Stock FAQ

Can you Buy GoPuff Stock?

No, you can’t buy stock in GoPuff. But with its rapid growth and expansion into snack delivery, the company could go public very soon.

When is the GoPuff IPO?

GoPuff has not filed for an IPO, but there are reports that claim GoPuff is considering a potential Initial Public Offering (IPO) soon.

How much will GoPuff Stock Cost?

Although GoPuff has not filed for an IPO, would be safe to assume that its IPO opening price would fall somewhere in the $10 to $100 range.

Who Owns GoPuff?

GoPuff is owned by Rafael Ilishayev and Yakir Gola.