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Benzinga
  • 3 years ago
Grocery delivery platform Instacart has set a target valuation of up to $9.3 billion for its upcoming IPO, a significant decrease from its previous valuation of $39 billion. The company plans to raise $616 million by offering 22 million shares priced between $26 and $28 each. Instacart has attracted investments from various entities and has partnered with over 1,400 retail banners in the US. The IPO is expected to take place in September, potentially boosting the US IPO market.
Transcript
00:00 Benzinga and here's what's on the block.
00:01 Grocery delivery platform Instacart has set a target valuation of up to $9.3 billion for
00:07 its upcoming IPO, a significant decrease from its previous valuation at $39 billion.
00:12 The company plans to raise $616 million by offering 22 million shares priced between $26
00:18 and $28 each. Instacart has attracted investments from various entities and has partnered with over
00:25 1,400 retail banners in the US. The IPO is expected to take place in September,
00:30 potentially boosting the US IPO market. For all things money visit Benzinga.com
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