Published 10 months ago

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

Summary by Ground News

Instacart raised $660 million in its initial public offering, selling 22 million shares at $30 apiece. The IPO is a long-awaited step for Instacart, which was founded in 2012. The company filed privately for an IPO in May 2022 but delayed those plans last fall when the markets were roiling due to recession fears.

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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

10 months ago

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