Instacart shares surge in grocery delivery company's stock market debut
Instacart's shares surged Tuesday as the grocery delivery company went from the super market to the stock market.
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Instacart's shares surged Tuesday as the grocery delivery company went from the super market to the stock market.
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
The pricing of the IPO gave Instacart a market value of around $10 billion, significantly lower than the $39 billion value placed on it after a fund-raising round in 2021.
The San Francisco-based grocery delivery company raised $660 million in its initial public offering of stock, selling 22 million shares at $30 apiece.
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