Instacart, the on-demand grocery delivery giant, has finally filed for its highly anticipated IPO, revealing impressive revenue growth and profitability in recent years.
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.
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.
Instacart, an online grocery delivery service, is planning to go public in a slow IPO market, but an analyst from Gordon Haskett expresses concerns.
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.
Instacart and Arm have both set lower valuations for their upcoming IPOs, reflecting investor caution as the market for IPOs remains challenging.
Instacart CEO Fidji Simo is set to have shares worth at least $13.4 million once the company goes public, despite the company's lower valuation and concerns over the low pay of its shoppers.
Grocery delivery company Instacart raises IPO price target after successful debut of chip designer Arm Holdings.
Instacart is set to debut its IPO on Tuesday, raising questions about whether its stock will soar or plummet.
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.
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.
Instacart's shares surged 40% in their Nasdaq debut, with a valuation of around $14 billion, marking the first significant venture-backed IPO in the U.S. since December 2021 and signaling a return in investors' risk appetite.
Online grocery delivery business Instacart saw a 43% jump in its Nasdaq trading debut, valuing the company at around $11bn, as it continues to expand beyond its core business of grocery delivery into advertising and technology services.
Instacart's successful IPO debut as Maplebear doesn't ensure its future strength, especially considering its "low float" which poses additional risks for investors.
Instacart shares rose 12.3% on their first day of trading, giving the company a valuation of over $11 billion.
Instacart shares rose 12.3% on their first day of trading, giving the company a valuation of over $11 billion.
Instacart shares fall 5% as the grocery delivery app struggles to maintain strong gains on debut amid concerns of inflation and higher interest rates.
Instacart shares fall after going public, Steelcase soars on strong earnings, Klaviyo jumps after IPO, Bausch Health surges on upgraded rating, Stellantis sees sales growth in Europe, Pinterest rallies on revenue growth expectations, Coty raises full-year outlook, Zebra Technologies downgraded, Textron signs deal with NetJets, Chewy downgraded on pet category weakness, and various other companies see stock movements.
Instacart's stock price is falling on its second day of trading as an analyst raises concerns about competitive pressures.
Instacart's stock falls below its IPO price, reflecting investor disappointment with the grocery-delivery company and other recent tech stocks.
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.
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.
