Instacart's IPO Valuation Targets Range from $7.5B to $9.3B
TL;DR Summary
Online grocery firm Instacart has filed an updated IPO filing, aiming to raise up to $616 million in fresh capital and achieve a valuation of up to $7.7 billion. The company plans to issue 22 million shares, with an offer price range of $26 to $28 per share. Instacart's total common stock outstanding will be around 276 million shares, potentially reaching a valuation of $7.7 billion. The IPO comes as Instacart faces competition from traditional retailers and tech companies like Amazon, DoorDash, GoPuff, and Grubhub.
- Online grocery firm Instacart seeks up to $7.7 billion valuation in IPO CNBC
- Instacart to Target Much-Diminished Valuation Range of Under $10 Billion in IPO - WSJ The Wall Street Journal
- Grocery delivery app Instacart aims for up to $7.7 bln valuation in US IPO Reuters
- Instacart sets terms in initial public offering with proposed market cap of $7.5B MarketWatch
- Instacart aiming for valuation of $8.6 billion to $9.3 billion in IPO, reports say CNBC
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