Grocery delivery app Instacart aims for up to $7.7 billion valuation in US IPO

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Grocery delivery app Instacart aims for up to $7.7 billion valuation in US IPO
France Dernières Nouvelles,France Actualités
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(Reuters) - Instacart is aiming for a valuation of up to $7.73 billion in its initial public offering in New York, the grocery delivery service said on ...

STORY CONTINUES BELOW THESE SALTWIRE VIDEOS - Instacart is aiming for a valuation of up to $7.73 billion in its initial public offering in New York, the grocery delivery service said on Monday, in another step toward a hotly-anticipated listing.

It is expected to list its shares in September, joining high profile names such as SoftBank's chip designer Arm and marketing automation firm Klaviyo that are testing investor appetite for new listings. If successful, the listings by Arm, Instacart and Klaviyo could nurture a nascent recovery in new listings amid growing expectations of a pause in interest rate hikes by the Federal Reserve.

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Instacart to target valuation of up to $9.3 billion in IPO -sourceInstacart to target valuation of up to $9.3 billion in IPO -sourceInstacart declined to comment. The Wall Street Journal was the first to report on Sunday on Instacart's IPO valuation target. The targeted valuation is a steep drop from the firm's $39 billion valuation in 2021, when the coronavirus pandemic was raging and doorstep delivery boomed.
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Instacart to target valuation of up to $9.3 billion in IPO -sourceInstacart to target valuation of up to $9.3 billion in IPO -source(Reuters) - Grocery delivery service Instacart is targeting a valuation between $8.6 billion and $9.3 billion in its initial public offering, ...
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Instacart Aims for IPO Valuation of $8.6 Billion to $9.3 Billion, WSJ SaysInstacart Aims for IPO Valuation of $8.6 Billion to $9.3 Billion, WSJ SaysInstacart Inc. is targeting a valuation between $8.6 billion and $9.3 billion for its IPO, a fraction of what the business was previously worth, the Wall Street Journal reported Sunday, citing people with knowledge of the matter.
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Instacart Aims for IPO Valuation of $8.6 Billion to $9.3 Billion, WSJ SaysInstacart Aims for IPO Valuation of $8.6 Billion to $9.3 Billion, WSJ Says(Bloomberg) -- Instacart Inc. is targeting a valuation between $8.6 billion and $9.3 billion for its IPO, a fraction of what the business was previously worth, the Wall Street Journal reported Sunday, citing people with knowledge of the matter.Most Read from BloombergIndia’s G-20 Win Shows US Learning How to Counter China RiseMeloni Tells China That Italy Plans to Exit Belt and RoadBoss of Failed Crypto Exchange Gets 11,000-Year SentenceTrudeau Is Stuck in India With Faulty Aircraft After Hearin
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