Instacart: Likely Unsustainable Profits And An Expensive Valuation
This stock looks more than fully valued, and we think investors should pass on this IPO.
Source: forbes.com
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This stock looks more than fully valued, and we think investors should pass on this IPO.
SoftBank doubled the “on-paper” valuation by buying shares from itself, just as it did before the WeWork IPO. We think investors would be wise to avoid the bait.