(Reuters) - Instacart is aiming for a valuation of up to $7.73 billion in its initial public offering in New York, the grocery delivery service said on ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOS - Instacart is aiming for a valuation of up to $7.73 billion in its initial public offering in New York, the grocery delivery service said on Monday, in another step toward a hotly-anticipated listing.
It is expected to list its shares in September, joining high profile names such as SoftBank's chip designer Arm and marketing automation firm Klaviyo that are testing investor appetite for new listings. If successful, the listings by Arm, Instacart and Klaviyo could nurture a nascent recovery in new listings amid growing expectations of a pause in interest rate hikes by the Federal Reserve.
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Grocery delivery service Instacart aims for US$616-million raise in U.S. IPOSan Francisco-based company is offering 22 million shares priced between $26 and $28 apiece.
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Instacart to target valuation of up to $9.3 billion in IPO -sourceInstacart declined to comment. The Wall Street Journal was the first to report on Sunday on Instacart's IPO valuation target. The targeted valuation is a steep drop from the firm's $39 billion valuation in 2021, when the coronavirus pandemic was raging and doorstep delivery boomed.
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Instacart to target valuation of up to $9.3 billion in IPO -source(Reuters) - Grocery delivery service Instacart is targeting a valuation between $8.6 billion and $9.3 billion in its initial public offering, ...
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Instacart Aims for IPO Valuation of $8.6 Billion to $9.3 Billion, WSJ SaysInstacart Inc. is targeting a valuation between $8.6 billion and $9.3 billion for its IPO, a fraction of what the business was previously worth, the Wall Street Journal reported Sunday, citing people with knowledge of the matter.
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