Instacart, the on-demand grocery delivery giant, has finally filed for its highly anticipated IPO, revealing impressive revenue growth and profitability in recent years.
Instacart aims for a valuation of up to $9.3 billion in its upcoming IPO, a significant decrease from its previous funding round, with cornerstone investors agreeing to buy up to $400 million worth of shares.
Instacart is preparing to go public at a significant discount to its 2021 valuation, as Wall Street gears up for a new IPO season.
Sequoia Capital and Andreessen Horowitz are expected to face significant losses on their investment in Instacart, as the company plans to sell shares at a valuation that is more than 75% below the price at which the venture firms invested.
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.
Stocks slipped as the Federal Reserve's policy meeting began and investors awaited an update on the IPO market, with Instacart expected to start trading, while the focus remains on the Fed's fight against inflation and future interest rate moves.
Instacart's successful IPO debut as Maplebear doesn't ensure its future strength, especially considering its "low float" which poses additional risks for investors.
Starbucks shares fall 2% after a downgrade, while Instacart's stock pops about 12.3% upon its debut on the public market.
Dollar General shares fall after being downgraded by JPMorgan, Pinterest shares climb following investor day, General Mills beats expectations, Instacart stock drops after IPO, Coty raises outlook, Bausch Health gains on upgrade, and Goldman Sachs plans to sell lending platform Greensky.
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'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 stock is facing challenges and falling below its IPO price due to concerns raised by Wall Street analysts about the company's future prospects.
