Instacart Plans Lower Valuation IPO, First Major Tech Listing Since 2021

Instacart aiming to go public at a valuation between $8.6B and $9.3B, lower than previous valuations
IPO planned to officially launch on Monday, would be first major tech IPO since late 2021
Instacart business initially surged during COVID pandemic as consumers avoided stores
Faced profitability challenges as shoppers returned to physical grocery stores
Would join other gig economy cos like Uber, Airbnb on public markets, list on Nasdaq
Operates grocery delivery service in over 14K cities, from 80K+ stores

cnbc.com

Relevant topic timeline:

8/25/2023

Instacart files to go public on Nasdaq to try and unfreeze tech IPO market

Instacart, the grocery delivery company, has filed for an IPO, reporting profitable quarters and revenue of $716 million, with plans to create an omnichannel experience merging online and in-store shopping.

8/25/2023

Klaviyo And Instacart File Going-Public Plans, Kickstarting IPO Market

Main topic: Grocery delivery company Instacart and marketing and data automation startup Klaviyo file IPO plans in 2023. Key points: 1. Instacart has experienced fluctuations in valuation but reveals profitability with $1.48 billion in revenue in H1 2023. 2. Klaviyo is profitable, with a 51% increase in revenue in the most recent quarter. 3. Both companies are seen as potential indicators of a rebound in the startup IPO market.

8/25/2023

Instacart's profitability relies in part on batching orders together — something that its gig workers hate

Instacart's IPO filing reveals the company's profitability in 2022, driven by increased productivity through batching orders, although gig workers have reported doing more work for the same pay.

9/5/2023

Instacart Plans to Go Public in a Slow IPO Market. Why an Analyst Is Concerned.

Instacart, an online grocery delivery service, is planning to go public in a slow IPO market, but an analyst from Gordon Haskett expresses concerns.

9/11/2023

IPO Market Cautious Despite Thaw; Musk Book Reveals Origins of Drive; CFPB Funding at Risk in Supreme Court Case; Auto Strike Could Cost Billions

Instacart and Arm have both set lower valuations for their upcoming IPOs, reflecting investor caution as the market for IPOs remains challenging.

9/11/2023

Instacart Proposes $9.1 Billion IPO at Discount to Last Valuation

Instacart has set a proposed price range for its IPO, aiming to sell shares between $26 and $28 per share, with a valuation range of $7.2 billion to $7.8 billion and a fully diluted market cap potential of between $8.6 billion and $9.3 billion.

9/18/2023

Instacart Goes Public Amid Stock Volatility, Seeking Investor Appetite for Tech IPOs

Instacart is set to debut its IPO on Tuesday, raising questions about whether its stock will soar or plummet.

9/18/2023

Instacart Goes Public at Lower Valuation, Positioning Itself as Value Play in Grocery Delivery

Instacart, the online grocery startup, is preparing to go public with a relatively modest enterprise valuation and aims to rekindle sales growth after a slowdown in the first half of 2023, positioning itself as a value stock with carefully managed growth.

9/19/2023

Instacart Soars in IPO Debut But Faces Risks from 'Low Float' Share Structure

Instacart's successful IPO debut as Maplebear doesn't ensure its future strength, especially considering its "low float" which poses additional risks for investors.

9/22/2023

Instacart IPO Marks First Big Consumer Tech Debut Since 2021, Signals Investor Appetite for Tech Growth

Instacart's IPO marks a significant moment for the tech industry and its employees, attracting attention from other late-stage tech firms as a gauge for the openness of the IPO market.

10/2/2023

Instacart Stock Struggles to Find Footing After IPO as Analysts Voice Concerns

Instacart stock is facing challenges and falling below its IPO price due to concerns raised by Wall Street analysts about the company's future prospects.

10/2/2023

Birkenstock Seeks Up to $1.58B in NYSE IPO, Testing Investor Appetite for New Issues

German footwear brand Birkenstock is preparing to go public with an initial public offering (IPO) that could raise up to $1.58 billion, placing its total valuation at $9.2 billion, and marking the latest test for the US IPO market's recovery after a long dry spell.