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Instacart Confidentially Files For US IPO

By Shivani Kumaresan
  • Grocery delivery platform Instacart has confidentially submitted a draft registration statement on Form S-1 with the U.S. SEC.
  • The company was valued at $39 billion in March 2021, but the valuation got slashed by 40% to $24 billion due to technology stocks’ sell off in 2022, CNBC reported.
  • The company got a major boost during the Covid-19 pandemic as many consumers turned to online grocery orders.
  • Instacart has started to explore options to expand beyond its core marketplace, the report added.
  • The San Francisco-based startup did not disclose the size of its IPO or its pricing range.
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Dive Deeper:
Instacart IPO Has Potential To Kick-Start A Battered Market
The Instacart IPO, submitted as a confidential filing, could provide a much-needed boost for initial public offerings.
Making a sense of pre-filing of IPO documents
The Securities and Exchange Board of India (Sebi) on Wednesday floated a discussion paper on allowing companies filing for initial…
Sebi proposes reduction in upfront disclosures for firms filing for IPOs
One concern for the issuer is the disclosure of sensitive information in the DRHP, according to Sebi
Morning Brief: Top Financial Stories Dominating on Thursday, May 12
CNBC Instacart Confidentially Files For US IPO
One subscription that gives you access to news from hundreds of sites
Grocery Outlet Holding: Q1 Earnings Insights
Grocery Outlet Holding (NASDAQ:GO) reported its Q1 earnings results on Tuesday, May 10, 2022 at 04:05 PM. Here's what investors…
GoodRx Shares Tumble As FY22 Guidance Hit By Grocery Chain Prescription Dispute
GoodRx Holdings Inc (NASDAQ: GDRX) shares fell after it expects FY22 revenue to take a hit due to recent actions by…
Get all your news in one place