Instacart Sets IPO Offer Between $26 and $28 Per Share

Need2Know Headlines

A lot of action that can happen down here on the floor of the Stock Exchange. And so Instacart updated the terms of its public stock offering today as it looks to raise $616 million. With the valuation of up to 9.3 billion. Instacart is one of the biggest us online grocery delivery companies and it said to be one of the biggest ipos year yet. Its valuation is tens of billions of dollars below where it was a year ago as pandemic demand, Wanes and Instacart faces competition from Amazon and Walmart. So shares are actually going to trade on the NASDAQ in the coming days under the tier symbol cart and the company is pushing faster delivery for customers as it does look to raise money.