(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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The valuation range will be disclosed in an updated IPO regulatory filing on Monday, the source said on SundayThe Wall Street Journal was the first to report on Sunday on Instacart's IPO valuation target.
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Instacart 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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