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Grocery delivery service Instacart aims for $616 million raise in US IPO
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Instacart is looking to raise up to $616 million along with selling stockholders in its initial public offering, a regulatory filing showed on Monday.
The San Francisco-based company and its selling shareholders are offering 22 million shares priced between $26 and $28 apiece.
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Offering CollegeCourseWebsiteIndian School of BusinessISB Professional Certificate in Product ManagementVisitIndian School of BusinessISB Digital Marketing and AnalyticsVisitIIM LucknowIIML Executive Programme in Data ScienceVisitIndian School of BusinessISB Digital TransformationVisit Like SoftBank's chip designer Arm and marketing automation firm Klaviyo, Instacart is expected to list its shares in September as part of a wave of high-profile names testing investor appetite for new listings.
The IPO market has been subdued for a major part of the last two years following Russia's invasion of Ukraine and the spike in interest rates.
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