Instacart is looking to list its shares this month after years of waiting in the wings
The price hike signals robust investor demand for the San Francisco-based company, which is looking to list its shares this month after years of waiting in the wings.Shares of SoftBank’s chip designer Arm were up nearly 3 per cent in volatile early trade on Friday, extending gains from their strong close on the first day of trading.
Traditional U.S. IPOs have raked in more than $5-billion so far in September, according to data from Dealogic, already the second biggest month for such share offerings this year. Of the total proceeds, up to $237-million could go to existing Instacart investors looking to sell their shares.
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