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

Instacart, the grocery delivery company, has filed for an IPO after reporting net income of $114 million and a 15% increase in revenue in the latest quarter, aiming to create an omni-channel experience that combines online and in-store shopping.

cnbc.com

Relevant topic timeline:

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.

8/28/2023

Tech IPOs are coming back — now they have to perform

Grocery delivery startup Instacart, data and marketing automation company Klaviyo, and chip designer Arm have filed for stock market debuts, representing a test of the excitement level among public market investors for new opportunities and potentially encouraging other companies to go public in the fourth quarter.

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.

9/10/2023

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

Instacart is aiming to go public at a valuation between $8.6 billion and $9.3 billion, marking a significant change from its previous valuation, as it looks to reignite the IPO market.

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.

9/18/2023

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

Markets Mixed Ahead of Fed Meeting; Instacart Prices IPO, Twitter Plans Subscription Model Amid Strikes and Uncertainty Over Rate Hikes

U.S. stocks remained stable as investors anticipated the outcome of the Federal Reserve's September meeting, while the pan-European Stoxx 600 index fell due to various negative factors including the departure of Lonza's CEO and Societe Generale's cost-cutting plans; in other news, Instacart priced its IPO at $30 per share, valuing the company at around $10 billion, and strikes in the U.S. have caused the highest number of lost labor hours in decades.

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.

9/21/2023

Instacart Stock Slumps Below IPO Price as Investors Lose Enthusiasm for Recent Tech Debuts

Instacart's stock falls below its IPO price, reflecting investor disappointment with the grocery-delivery company and other recent tech stocks.