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Instacart Appoints Frank Slootman, Chairman And CEO Of Snowflake, To Board Of Directors


Instacart Appoints Frank Slootman, Chairman And CEO Of Snowflake, To Board Of Directors
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SAN FRANCISCO, March 11, 2021 /PRNewswire/ Instacart, the leading online grocery platform in North America, today announced that Frank Slootman, Chairman and Chief Executive Officer of Snowflake, has joined the Company s Board of Directors. Slootman brings to Instacart s Board more than 25 years of experience as an entrepreneur and executive in the enterprise software industry. Slootman joins Instacart s Board as the adoption of online grocery accelerates in North America and consumer demand for Instacart s delivery and pickup services continues to grow. ....

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Instacart filled more orders for Costco than any other store in 2020


Instacart is considering pushing off its IPO until later this year, The Information reported.
Costco accounted for over one-fifth of all Instacart orders in 2020, according to 1010data.
Analysts say Costco demonstrates how Instacart can grow its business even after the pandemic ends.
Instacart is reportedly thinking about waiting to see how much of a swell in pandemic-driven business sticks around before going public.
The Information reported Thursday that the delivery startup is now considering a fourth-quarter IPO, later than the timeline it had previously targeted. The delay would provide investors with a better picture of post-pandemic demand for Instacart s grocery delivery services, according to The Information. ....

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Exclusive: Instacart mulls direct listing in snub to IPOs

U.S. grocery delivery app Instacart is considering going public through a direct listing, concerned that it could leave money on the table through a traditional initial public offering (IPO), according to people familiar with the matter. The move would make Instacart the latest company to snub an IPO, for decades the primary path to a stock market debut, because it risks pricing its offering too low compared to where its shares end up trading. In a direct listing, companies go public without raising money through a stock sale. ....

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