San Francisco-based company is offering 22 million shares priced between $26 and $28 apiece.
Grocery delivery service Instacart is looking to raise up to $616 million along with selling stockholders in its initial public offering, a regulatory filing showed on Monday.
The San Francisco-based company and its selling shareholders are offering 22 million shares priced between $26 and $28 apiece. Like SoftBank’s chip designer Arm and marketing automation firm Klaviyo, Instacart is expected to list its shares in September as part of a wave of high-profile names testing investor appetite for new listings.
The IPO market has been subdued for a major part of the last two years following Russia’s invasion of Ukraine and the spike in interest rates. Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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.
Read more »
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, ...
Read more »
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.
Read more »
Instacart Aims for IPO Valuation of $8.6 Billion to $9.3 Billion, WSJ Says(Bloomberg) -- Instacart 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.Most Read from BloombergIndia’s G-20 Win Shows US Learning How to Counter China RiseMeloni Tells China That Italy Plans to Exit Belt and RoadBoss of Failed Crypto Exchange Gets 11,000-Year SentenceTrudeau Is Stuck in India With Faulty Aircraft After Hearin
Read more »
PIF-Backed Driller, Holders Seek up to $1.2 Billion in Saudi IPO(Bloomberg) -- ADES Holding Co. and its main shareholders, which include Saudi Arabia’s sovereign wealth fund, are seeking to raise as much 4.6 billion riyals ($1.2 billion) in its initial public offering that’s set to be the kingdom’s largest this year.Most Read from BloombergBoss of Failed Crypto Exchange Gets 11,000-Year SentenceCalifornia Shows an Electric-Car Uprising Headed for the USEverything Apple Plans to Show on Sept. 12: iPhone 15, Watches, AirPodsUS, EU Agree on Mideast-India Rail a
Read more »