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00:02Food startup Wonder has confidentially filed for an initial public offering, according to CNBC.
00:08Founded by entrepreneur Mark Lohr in 2018, Wonder operates roughly 170 locations across the U.S.
00:15The company offers delivery and takeout for more than two dozen restaurant concepts through its app.
00:21Wonder has spent at least $1 billion acquiring businesses, including Grubhub, Blue Apron, and Relay.
00:28The company has raised more than $3 billion in venture funding and reached a $9 billion pre-money valuation earlier
00:35this year.
00:36Lohr told CNBC in September that IPO proceeds could fund additional acquisitions.
00:42Wonder also plans to launch a platform allowing influencers, entrepreneurs, and brands to start restaurant businesses for $10 a month
00:50beginning November 17th.
00:52For all things money, visit Benzinga.com.
