Marc Lore's Wonder files confidentially for an IPO

Wonder, the food company serial entrepreneur Marc Lore created in 2018, has confidentially filed for an initial public offering, CNBC reports. Pitched as "the best restaurants from across the country, all in one place," Wonder started with sprinter vans fitted with mobile kitchens and now runs roughly 170 brick-and-mortar locations serving menus from more than two dozen restaurant brands, some fronted by celebrity chefs. It has spent at least $1 billion on acquisitions including Grubhub, Blue Apron and the logistics provider Relay, funded by more than $3 billion in venture money. From Nov. 17 it launches Wonder Create, where influencers, entrepreneurs and brands pay $10 a month to run their own restaurant out of a Wonder location and keep part of the order revenue. The IPO window is open; whether it stays open after Thursday's sell-off is the question.