Instacart Soars in Nasdaq Debut as Grocery Delivery Startup Goes Public

Instacart, a San Francisco-based grocery delivery company, made its Nasdaq debut on Tuesday
Instacart closed at about a 12% gain on its first day of trading
The company transitioned from a grocery delivery startup to a publicly traded company
Natalie Lung, a Bloomberg technology reporter, discusses Instacart going public
Instacart has grown from delivering groceries to now being listed on the stock market

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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.

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.

9/18/2023

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.

9/20/2023

Instacart Shares Drop as IPO Excitement Fades Amid Economic Concerns and Changing Consumer Habits

Instacart shares fall 5% as the grocery delivery app struggles to maintain strong gains on debut amid concerns of inflation and higher interest rates.

9/20/2023

Stocks on the Move: Instacart Falls, Steelcase Soars After Earnings Beat, Klaviyo Jumps in IPO, Bausch Up on Upgrade, Stellantis Gains on Europe Sales

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.

9/21/2023

Instacart Shares Drop Below IPO Price as Investors Remain Cautious of New Issues

Shares of Instacart, the grocery delivery company, fell below its IPO price, experiencing a choppy reception in the market amid skittishness and potential government shutdown concerns.