Published 2 months ago

Instacart shares start trading on Nasdaq at $42, valuing grocery delivery company at about $14 billion

Summary by Ground News

Maplebear Inc., which is doing business as Instacart CART, +31.23%, debuted on Wall Street with a bang Tuesday. The grocery-delivery app's stock opened 40% above where its initial public offering priced. The company said late Monday that its IPO of 22 million shares priced at $30 a share.

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Associated Press News

Instacart's IPO surges as the grocery delivery company goes from the supermarket to the stock market

Instacart delivered in its stock market debut. The San Francisco-based company’s shares rose 12.3% Tuesday after they started trading on the Nasdaq stock exchange under the ticker symbol “CART.” Instacart

2 months ago·United States

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abc News

Instacart goes from the supermarket to the stock market, raising $660 million with its IPO

Instacart is heading from the supermarket to the stock market

2 months ago·United States

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CNBC

Instacart shares start trading on Nasdaq at $42, valuing grocery delivery company at about $14 billion

Instacart sold shares at the top end of its expected range, and the valuation jumped to about $14 billion in the company's debut

2 months ago·United States

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KVIA

Instacart goes from the supermarket to the stock market, raising $660 million with its IPO

By DEE-ANN DURBIN AP Business Writer Instacart is heading from the supermarket to the stock market. The San Francisco-based grocery delivery company raised $660 million in its initial public offering. Instacart will trade on the Nasdaq stock exchange starting Tuesday under the stock symbol “CART.” The company provides delivery and pickup from 85% of U.S. grocers, or more than 80,000 stores, using a network of 600,000 freelance shoppers. It says …

2 months ago·Panama City, United States

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Winnipeg Free Press

Instacart goes from the supermarket to the stock market, raising $660 million with its IPO

Instacart is heading from the supermarket to the stock market. The San Francisco-based grocery delivery company raised $660 million in its initial public offering of stock, selling 22 million shares […]

2 months ago·Winnipeg, Canada

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News 4 JAX

Instacart's IPO surges as the grocery delivery company goes from the supermarket to the stock market

Instacart's shares surged Tuesday in the grocery delivery company’s stock market debut.The San Francisco-based company's shares were up about 30% shortly after they started trading on the Nasdaq stock exchange under the ticker symbol “CART.” Instacart raised $660 million in its initial public offering, selling 22 million shares at $30 apiece. The pricing of the IPO gave Instacart a market value of around $10 billion, significantly lower than the…

2 months ago·Jacksonville, United States

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Instacart shares start trading on Nasdaq at $42, valuing grocery delivery company at about $14 billion

32 Articles

32 Articles

Instacart's IPO surges as the grocery delivery company goes from the supermarket to the stock market

Instacart's IPO surges as the grocery delivery company goes from the supermarket to the stock market

Instacart goes from the supermarket to the stock market, raising $660 million with its IPO

Instacart goes from the supermarket to the stock market, raising $660 million with its IPO

Instacart shares start trading on Nasdaq at $42, valuing grocery delivery company at about $14 billion

Instacart shares start trading on Nasdaq at $42, valuing grocery delivery company at about $14 billion

Instacart goes from the supermarket to the stock market, raising $660 million with its IPO

Instacart goes from the supermarket to the stock market, raising $660 million with its IPO

Instacart goes from the supermarket to the stock market, raising $660 million with its IPO

Instacart goes from the supermarket to the stock market, raising $660 million with its IPO

Instacart's IPO surges as the grocery delivery company goes from the supermarket to the stock market

Instacart's IPO surges as the grocery delivery company goes from the supermarket to the stock market

Coverage Details

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