Wonder Says It Confidentially Filed for an Initial Public Offering

Wonder said it confidentially filed for an initial public offering Thursday, Nov. 5, moving the food company closer to public markets after it raised more than $3 billion in venture funding.

Wonder founder Marc Lore started the company in 2018. It has grown to about 170 brick-and-mortar locations across the United States. Its app offers delivery and takeout, and its locations serve menu items from more than two dozen restaurant concepts, some with celebrity-chef branding.

Wonder has spent at least $1 billion on acquisitions, including Grubhub, Blue Apron and delivery and logistics provider Relay. Its Series D round earlier this year raised its pre-money valuation to $9 billion amid a funding and expansion push.

Lore said in September that proceeds from an IPO would help Wonder pursue more acquisitions and work toward its goal of making food more accessible.